Blackberry 2010 Annual Report Download - page 59

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MANAGEMENT’S RESPONSIBILITY FOR FINANCIAL REPORTING
To the Shareholders of Research In Motion Limited
Management of Research In Motion Limited is responsible for the preparation and presentation of the
Consolidated Financial Statements and all of the financial information in this Annual Report. The Consolidated
Financial Statements were prepared in accordance with United States generally accepted accounting
principles and include certain amounts based upon estimates and judgments required for such preparation.
The financial information appearing throughout this Annual Report is consistent with the Consolidated
Financial Statements. The Consolidated Financial Statements have been reviewed by the Audit and Risk
Management Committee and approved by the Board of Directors of Research In Motion Limited.
In fulfilling its responsibility for the reliability and integrity of financial information, management has
developed and maintains systems of accounting and internal controls and budgeting procedures.
Management believes these systems and controls provide reasonable assurance that assets are safeguarded,
transactions are executed in accordance with management’s authorization and financial records are reliable
for the preparation of accurate and timely Consolidated Financial Statements.
The Company’s Audit and Risk Management Committee of the Board of Directors, which consists entirely of
non-management independent directors, usually meets two times per fiscal quarter with management and the
independent registered public accounting firm to ensure that each is discharging its respective responsibilities,
to review the Consolidated Financial Statements and either the quarterly review engagement report or the
independent registered public accounting firm’s report and to discuss significant financial reporting issues and
auditing matters. The Company’s independent registered public accounting firm has full and unrestricted
access to the Audit and Risk Management Committee to discuss audit findings, financial reporting and other
related matters. The Audit and Risk Management Committee reports its findings to the Board of Directors for
consideration when the Board approves the Consolidated Financial Statements for issuance to the
shareholders.
The Consolidated Financial Statements for fiscal 2010, fiscal 2009 and fiscal 2008 have been audited by
Ernst & Young LLP, the independent registered public accounting firm appointed by the shareholders, in
accordance with Canadian generally accepted auditing standards and the standards of the Public Company
Accounting Oversight Board (United States).
Mike Lazaridis Jim Balsillie
President & Co-CEO Co-CEO
Waterloo, Ontario
MD&A
AUDITOR’S REPORT ON INTERNAL CONTROL
MANAGEMENT’S RESPONSIBILITY
51