DIRECTV 2003 Annual Report Download - page 66

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THE DIRECTV GROUP, INC.
RESPONSIBILITIES FOR CONSOLIDATED FINANCIAL STATEMENTS
The consolidated financial statements of The DIRECTV Group, Inc. (the “Company”) and Management’s
Discussion and Analysis of Financial Condition and Results of Operations were prepared by management, who is
responsible for their integrity and objectivity. Where applicable, this financial information has been prepared in
conformity with the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and accounting
principles generally accepted in the United States of America. The preparation of this financial information
requires the use of estimates, judgments and assumptions that affect the reported amounts of assets and liabilities
at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the
periods presented. The critical accounting policies that may involve a higher degree of estimation, judgment and
complexity are described in Management’s Discussion and Analysis of Financial Condition and Results of
Operations.
Management is responsible for maintaining internal controls designed to provide reasonable assurance that
the books and records reflect the transactions of the Company and that established policies and procedures are
carefully followed. Management is further responsible for maintaining disclosure controls and procedures (as
defined in the Exchange Act) designed to ensure that information required to be disclosed in reports filed under
the Exchange Act is recorded, processed, summarized and reported within the specified time periods. An
important feature in the Company’s system of internal controls and disclosure controls and procedures is that
both are periodically reviewed for effectiveness and are augmented by written policies and guidelines.
The unqualified certifications of the Company’s Chief Executive Officer and Chief Financial Officer related
to the consolidated financial statements, other financial information, internal controls and disclosure controls are
included in the Annual Report on Form 10-K filed with the United States Securities and Exchange Commission.
Deloitte & Touche LLP, an independent auditing firm, is engaged to audit the consolidated financial
statements of the Company and issues its report thereon. The audit is conducted in accordance with auditing
standards generally accepted in the United States of America that comprehend the consideration of internal
control and tests of transactions to the extent necessary to form an independent opinion on the consolidated
financial statements prepared by management. The Independent Auditors’ Report appears on page 61.
The Board of Directors, through its Audit Committee, is responsible for assuring that management fulfills
its responsibilities in the preparation of the consolidated financial statements and engaging the independent
auditors. The Audit Committee reviews the scope of the audits and the accounting principles being applied in
financial reporting. The independent auditors, representatives of management, and the internal auditors meet
regularly (separately and jointly) with the Audit Committee to review the activities of each, to ensure that each is
properly discharging its responsibilities and to assess the effectiveness of internal control. Deloitte & Touche
LLP has full and free access to meet with the Audit Committee, without management representatives present, to
discuss the results of the audit, the adequacy of internal controls, and the quality of financial reporting.
/
S
/C
HASE
C
AREY
/
S
/B
RUCE
B. C
HURCHILL
Chase Carey
Director, President and Chief Executive
Officer
Bruce B. Churchill
Executive Vice President and
Chief Financial Officer
59