Build-A-Bear Workshop 2012 Annual Report Download - page 46

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BUILD-A-BEAR WORKSHOP, INC. 2012 FORM 10-K
MANAGEMENT’S REPORT ON INTERNAL CONTROL OVER
FINANCIAL REPORTING
Our management is responsible for establishing and
maintaining adequate internal control over financial reporting,
as defined in Rule 13a-15(f) under the Securities Exchange Act
of 1934. Under the supervision and with the participation of
our management, including the Chief Executive Bear and the
Chief Operations and Financial Bear, we conducted an
evaluation of the effectiveness of our internal control over
financial reporting as of December 29, 2012. Our
management, with the participation of our Chief Executive
Bear and Chief Operations and Financial Bear, also conducted
an evaluation of our internal control over financial reporting to
determine whether any changes occurred during the period
covered by this report that have materially affected, or are
reasonably likely to materially affect, our internal control over
financial reporting. All internal control systems have inherent
limitations, including the possibility of circumvention and
overriding the control. Accordingly, even effective internal
control can provide only reasonable assurance as to the
reliability of financial statement preparation and presentation.
Further, because of changes in conditions, the effectiveness of
internal control may vary over time.
In making its evaluation, our management used the
criteria set forth by the Committee of Sponsoring
Organizations of the Treadway Commission (“COSO”) in
Internal Control-Integrated Framework. Based upon this
evaluation, our management has concluded that our internal
control over financial reporting as of December 29, 2012 is
effective.
Our independent registered public accounting firm,
Ernst & Young LLP, has audited the effectiveness of our internal
control over financial reporting, as stated in its report which is
included herein.
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