Blizzard 2009 Annual Report Download - page 42
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principalfinancialofficerconcludedthat,atDecember31,2009,ourdisclosurecontrolsandprocedures
wereeffectivetoprovidereasonableassurancethatinformationrequiredtobedisclosedbytheCompanyin
thereportsthatitfilesorsubmitsundertheExchangeActis(i)recorded,processed,summarized,and
reportedonatimelybasis,and(ii)accumulatedandcommunicatedtomanagement,includingourprincipal
executiveofficerandprincipalfinancialofficer,asappropriate,toallowtimelydecisionsregarding
requireddisclosures.
Management’sReportonInternalControlOverFinancialReporting
Ourmanagementisresponsibleforestablishingandmaintainingadequateinternalcontrolover
financialreportingassuchtermisdefinedinRules13a15(f)and15d15(f)undertheExchangeAct.Our
management,withtheparticipationofourprincipalexecutiveofficerandprincipalfinancialofficer,
conductedanevaluationoftheeffectiveness,asofDecember31,2009,ofourinternalcontrolover
financialreportingusingthecriteriasetforthbytheCommitteeofSponsoringOrganizationsofthe
TreadwayCommission(“COSO”)inInternalControl—IntegratedFramework.Basedonthisevaluation,
ourmanagementconcludedthatourinternalcontroloverfinancialreportingwaseffectiveasof
December31,2009.
Becauseofitsinherentlimitations,internalcontroloverfinancialreportingmaynotpreventor
detectmisstatements.Also,projectionsofanyevaluationofeffectivenesstofutureperiodsaresubjectto
therisksthatcontrolsmaybecomeinadequatebecauseofchangesinconditions,orthatthedegreeof
compliancewiththepoliciesandproceduresmaydeteriorate.
TheeffectivenessofourinternalcontroloverfinancialreportingasofDecember31,2009has
beenauditedbyPricewaterhouseCoopersLLP,anindependentregisteredpublicaccountingfirm,asstated
intheirreportincludedinthisAnnualReport.
ChangesinInternalControlOverFinancialReporting
Therehavenotbeenanychangesinourinternalcontroloverfinancialreportingduringthemost
recentfiscalquarterthathavemateriallyaffectedorarereasonablylikelytomateriallyaffectourinternal
controloverfinancialreporting.