Burger King 2006 Annual Report Download - page 117

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Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
None.
Item 9A. Controls and Procedures
Evaluation of Disclosure Controls and Procedures
An evaluation was conducted under the supervision and with the participation of the Company's
management, including the Chief Executive Officer (CEO) and Chief Financial Officer (CFO), of the
effectiveness of the design and operation of the Company's disclosure controls and procedures as of June 30,
2006. Based on that evaluation, the CEO and CFO concluded that the Company's disclosure controls and
procedures were effective as of such date to ensure that information required to be disclosed in the reports that
it files or submits under the Exchange Act is recorded, processed, summarized and reported within the time
periods specified in Securities and Exchange Commission rules and forms.
Section 404 Compliance Project
Beginning with the fiscal year ending June 30, 2007, Section 404 of the Sarbanes-Oxley Act of 2002 will
require us to include management's report on our internal control over financial reporting in our Annual
Report on Form 10-K. The internal control report must contain (1) a statement of management's
responsibility for establishing and maintaining adequate internal control over our financial reporting, (2) a
statement identifying the framework used by management to conduct the required evaluation of the
effectiveness of our internal control over financial reporting, (3) management's assessment of the effectiveness
of our internal control over financial reporting as of the end of our most recent fiscal year, including a
statement as to whether or not our internal control over financial reporting is effective, and (4) a statement
that our registered independent public accounting firm has issued an attestation report on management's
assessment of our internal control over financial reporting.
In order to achieve compliance with Section 404 within the prescribed period, management has
commenced a Section 404 compliance project under which management has adopted a detailed project work
plan to assess the adequacy of our internal control over financial reporting, remediate any control deficiencies
that may be identified, validate through testing that controls are functioning as documented and implement a
continuous reporting and improvement process for internal control over financial reporting. During fiscal 2006
there have been no changes in our internal control over financial reporting that have materially affected, or are
reasonably likely to materially affect, our internal control over financial reporting.
Inherent Limitation of the Effectiveness of Internal Control
A control system, no matter how well conceived and operated, can provide only reasonable, not absolute,
assurance that the objectives of the internal control system are met. Because of the inherent limitations of any
internal control system, no evaluation of controls can provide absolute assurance that all control issues, if any,
within a company have been detected.
Item 9B. Other Information
None.
Part III
Item 10. Directors and Executive Officers of the Registrant
The Information required by this Item, other than the information regarding our executive officers set
forth below required by Item 401 of Regulation S-K, is incorporated herein by reference from the Company's
definitive proxy statement to be filed no later than 120 days after June 30, 2006. We refer to this proxy
statement as the 2006 Proxy Statement.
105