Costco 2007 Annual Report Download - page 44

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The Company has adopted a code of ethics for senior financial officers pursuant to Section 406 of the
Sarbanes-Oxley Act. Copies of the code are available free of charge by writing to Secretary, Costco
Wholesale Corporation, 999 Lake Drive, Issaquah, WA 98027.
Costco’s Form 10-K for its fiscal year ended September 2, 2007, as filed with the Securities and
Exchange Commission, includes the certifications of Costco’s Chief Executive Officer and Chief
Financial Officer required by Section 302 of the Sarbanes-Oxley Act of 2002.
Executive Compensation
The information required by this Item is incorporated herein by reference to the Proxy Statement filed
with the Securities and Exchange Commission.
MANAGEMENT’S REPORTS
Management’s Report on the Consolidated Financial Statements
Our management is responsible for the preparation, integrity and objectivity of the accompanying
consolidated financial statements and the related financial information. The financial statements have
been prepared in conformity with U.S. generally accepted accounting principles and necessarily
include certain amounts that are based on estimates and informed judgments. Our management also
prepared the related financial information included in the Annual Report on Form 10-K and is
responsible for its accuracy and consistency with the financial statements.
The consolidated financial statements have been audited by KPMG LLP, an independent registered
public accounting firm, who conducted their audit in accordance with the standards of the Public
Company Accounting Oversight Board (United States). The independent registered public accounting
firm’s responsibility is to express an opinion as to the fairness with which such financial statements
present our financial position, results of operations and cash flows in accordance with U.S. generally
accepted accounting principles.
Disclosure Controls and Procedures
As of the end of the period covered by this Annual Report on Form 10-K we performed an evaluation
under the supervision and with the participation of management, including our Chief Executive Officer
and Chief Financial Officer, of our disclosure controls and procedures (as defined in Rules 13a-15(e) or
15d-15(e) under the Securities and Exchange Act of 1934 (the Exchange Act)). Based upon that
evaluation, our Chief Executive Officer and Chief Financial Officer concluded that, as of the end of the
period covered by this Annual Report, our disclosure controls and procedures are effective.
There has been no change in our internal control over financial reporting (as defined in Rules 13a-15(f)
or 15d-15(f) of the Exchange Act) during our most recently completed fiscal quarter that has materially
affected, or is reasonably likely to materially affect, our internal control over financial reporting.
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