Computer Associates 2000 Annual Report Download - page 8

13
REPORT OF
MANAGEMENT
Management is responsible for the preparation, integrity, and
objectivity of the financial information presented in this Annual
Report. The accompanying consolidated financial statements
have been prepared from accounting records which manage-
ment believes fairly and accurately reflect the operations and
financial positions of the Company. These statements have
been prepared in accordance with generally accepted account-
ing principles, and of necessity include some amounts that
are based on management’s best estimates and judgments.
Management has established a system of internal controls to
provide reasonable assurance that assets are maintained and
accounted for in accordance with its policies, and that trans-
actions are recorded accurately on the Company’s books
and records.
The Company’s Internal Audit Program provides for ongoing
evaluation of the adequacy, effectiveness, and adherence to
management’s established policies and procedures. The
Board of Directors exercises its responsibility for these finan-
cial statements through its Audit Committee, consisting
entirely of non-management Directors. The independent audi-
tors and the internal auditors have full and free access to
the Audit Committee. The Company has distributed to key
employees its policies for conducting business affairs in an
ethical and professional manner.
The current year financial statements of the Company have
been audited by KPMG LLP, independent auditors. Their
accompanying report is based on an audit conducted in
accordance with generally accepted auditing standards,
including consideration of the internal control structure
and financial reporting matters, for purposes of designing
their audit approach.
CHARLES B. WANG
Chairman of the Board
and Chief Executive Officer
IRA H. ZAR
Executive Vice President
and Chief Financial Officer
Islandia, New York
May 10, 2000