Crucial 2013 Annual Report Download - page 109

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108
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING
AND FINANCIAL DISCLOSURE
None.
ITEM 9A. CONTROLS AND PROCEDURES
An evaluation was carried out under the supervision and with the participation of our management, including our principal
executive officer and principal financial officer, of the effectiveness of the design and operation of our disclosure controls and
procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934) as of the end of the period
covered by this report. Based upon that evaluation, the principal executive officer and principal financial officer concluded that
those disclosure controls and procedures were effective to ensure that information required to be disclosed by us in the reports
that we file or submit under the Exchange Act are recorded, processed, summarized and reported, within the time periods
specified in the Commission's rules and forms and that such information is accumulated and communicated to our
management, including the principal executive officer and principal financial officer, to allow timely decision regarding
disclosure.
During the fourth quarter of 2013, there were 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.
Management's Report on Internal Control over Financial Reporting
Our management is responsible for establishing and maintaining adequate internal control over financial reporting.
Internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles
generally accepted in the United States of America. Our internal control over financial reporting includes those policies and
procedures that (i) pertain to the maintenance of records that in reasonable detail accurately reflect the transactions and
dispositions of our assets; (ii) provide reasonable assurance that transactions are recorded as necessary to permit preparation of
financial statements in accordance with generally accepted accounting principles, and that our receipts and expenditures are
being made only in accordance with authorizations of our management and directors; and (iii) provide reasonable assurance
regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that could have a material
effect on our financial statements.
Internal control over financial reporting cannot provide absolute assurance regarding the prevention or detection of
misstatements because of inherent limitations. These inherent limitations are known by management and considered in the
design of our internal control over financial reporting which reduce, though not eliminate, this risk.
Management conducted an evaluation of the effectiveness of our internal control over financial reporting based on the
framework in "Internal Control – Integrated Framework" (1992) issued by the Committee of Sponsoring Organizations of the
Treadway Commission. Based on this evaluation, management concluded that our internal control over financial reporting was
effective as of August 29, 2013. The effectiveness of our internal control over financial reporting as of August 29, 2013 has
been audited by PricewaterhouseCoopers LLP, an independent registered public accounting firm, as stated in their report, which
is included in Part II, Item 8, of this Form 10-K.
Management's evaluation of the effectiveness of its internal control over financial reporting as of August 29, 2013
excluded Elpida Memory, Inc. ("Elpida") and its subsidiaries, including Rexchip Electronics Corporation from its assessment of
internal control over financial reporting as of August 29, 2013 because it was acquired by us in a purchase business
combination on July 31, 2013. Elpida and its subsidiaries are consolidated entities whose total assets and total revenues
represent 27% and 4%, respectively, of the related consolidated financial statement amounts as of and for the year ended
August 29, 2013.
ITEM 9B. OTHER INFORMATION
None.