Blackberry 2016 Annual Report Download - page 138

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BlackBerry Limited
Management’s Discussion and Analysis of Financial Condition and Results of Operations
30
year then ended. In conducting their evaluation of the effectiveness of the Company's internal controls over financial reporting,
management has excluded Good and AtHoc from its assessment of internal controls over financial reporting as of February 29,
2016 because they were acquired by the Company during fiscal 2016.
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 February 29, 2016. In
making this assessment, management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway
Commission (COSO) in its Internal Control-Integrated Framework (2013). Based on this assessment, management believes
that, as of February 29, 2016, 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. The independent auditors’ audit report also did not include
an evaluation of the internal control over financial reporting of Good and AtHoc.
Changes in Internal Control Over Financial Reporting
During the fiscal year ended February 29, 2016, no changes were made to the Company’s internal control over financial
reporting that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over
financial reporting.