DIRECTV 2010 Annual Report Download - page 123

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DIRECTV
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS assurance regarding the reliability of financial reporting and the preparation of
ON ACCOUNTING AND FINANCIAL DISCLOSURE financial statements for external purposes in accordance with accounting principles
generally accepted in the United States of America, or GAAP, and includes those
None. policies and procedures that:
ITEM 9A. CONTROLS AND PROCEDURES • pertain to the maintenance of records that in reasonable detail accurately
and fairly reflect the transactions and dispositions of the assets of the
Disclosure Controls and Procedures company;
We carried out an evaluation as of the end of the year covered by this Annual • provide reasonable assurance that transactions are recorded as necessary to
Report on Form 10-K under the supervision and with the participation of permit preparation of financial statements in accordance with GAAP, and
management, including our principal executive officers and financial officers, of the that receipts and expenditures of the company are being made only in
effectiveness of our disclosure controls and procedures (as defined in accordance with authorizations of management and directors of the
Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as company; and
amended, or the Exchange Act). Based on the evaluation, our principal executive
officers and our financial officers concluded that our disclosure controls and • provide reasonable assurance regarding prevention or timely detection of
procedures were effective as of December 31, 2010. unauthorized acquisition, use or disposition of the company’s assets that
could have a material effect on the financial statements.
There has been no change in our internal control over financial reporting (as
defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) that occurred Because of its inherent limitations, internal control over financial reporting
during our fiscal quarter ended December 31, 2010, that has materially affected, or may not prevent or detect misstatements. Projections of any evaluation of
is reasonably likely to materially affect, our internal control over financial reporting. effectiveness to future periods are subject to the risk that controls may become
inadequate because of changes in conditions, or that the degree of compliance with
Internal Control Over Financial Reporting the policies or procedures may deteriorate.
Management’s Report on Internal Control Over Financial Our management assessed the effectiveness of our internal control over
Reporting financial reporting as of December 31, 2010. In making this assessment, our
management used the criteria established in Internal Control-Integrated Framework
Our management is responsible for establishing and maintaining adequate issued by the Committee of Sponsoring Organizations of the Treadway Commission
internal control over financial reporting as defined in Rule 13a-15(f) or 15d-15(f) (COSO). Based on their assessment and those criteria, management believes that, as
promulgated under the Securities Exchange Act of 1934. Those rules define internal of December 31, 2010, our internal control over financial reporting is effective.
control over financial reporting as a process designed to provide reasonable
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