Blackberry 2013 Annual Report Download - page 230

Research In Motion Limited
Management’s Discussion and Analysis of Financial Condition and Results of Operations
Chief Executive Officer and the Chief Financial Officer have concluded that, as of such date, the Company’s disclosure controls and
procedures were effective to give reasonable assurance that the information required to be disclosed by the Company in reports that it
files or submits under the U.S. Exchange Act is (i) recorded, processed, summarized and reported, within the time periods specified in
the SEC’s rules and forms, and (ii) accumulated and communicated to management, including its principal executive and principal
financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.
M
anagement’s Report on Internal Control Over Financial Reporting
Management of the Company is responsible for establishing and maintaining adequate internal control over financial reporting.
Internal control over financial reporting is defined in Rule 13(a)-15(f) and 15(d)-15(f) under the U.S. Exchange Act as a process
designed by, or under the supervision of, the Company’s principal executive and principal financial officers and effected by the
Company’s Board of Directors, management and other personnel to provide reasonable assurance regarding the reliability of financial
reporting and the preparation of financial statements for external purposes in accordance with U.S. GAAP and includes those policies
and procedures that:
Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Projections of
any evaluation of effectiveness to future periods are subject to the risks that controls may become inadequate because of changes in
conditions, or that the degree of compliance with the policies or procedures may deteriorate.
Management assessed the effectiveness of the Company’s internal control over financial reporting as of March 2, 2013. In making
this assessment, management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission
(COSO) in Internal Control-Integrated Framework. Based on this assessment, management believes that, as of March 2, 2013, the
Company’s internal control over financial reporting was effective.
The Company’s independent auditors have issued an audit report on the Company’s internal control over financial reporting. This
report is included with the Consolidated Financial Statements.
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• pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions
of the assets of the Com
p
an
y
;
• provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in
accordance with U.S. GAAP, and that receipts and expenditures of the Company are being made only in accordance with
authorizations of mana
g
ement and directors of the Com
p
an
y
; and
• provide reasonable assurance regarding the prevention or timely detection of unauthorized acquisitions, use or dispositions
of the Com
p
an
y
’s assets that could have a material affect on the Com
p
an
y
’s financial statements.