DIRECTV 2011 Annual Report Download - page 134

Download and view the complete annual report

Please find page 134 of the 2011 DIRECTV annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 152

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152

DIRECTV
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS financial statements for external purposes in accordance with accounting principles
ON ACCOUNTING AND FINANCIAL DISCLOSURE generally accepted in the United States of America, or GAAP, and includes those
policies and procedures that:
None.
• pertain to the maintenance of records that in reasonable detail accurately
ITEM 9A. CONTROLS AND PROCEDURES and fairly reflect the transactions and dispositions of the assets of the
company;
Disclosure Controls and Procedures
• provide reasonable assurance that transactions are recorded as necessary to
We carried out an evaluation as of the end of the year covered by this Annual permit preparation of financial statements in accordance with GAAP, and
Report on Form 10-K under the supervision and with the participation of that receipts and expenditures of the company are being made only in
management, including our principal executive officers and financial officers, of the accordance with authorizations of management and directors of the
effectiveness of our disclosure controls and procedures (as defined in company; and
Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as
amended, or the Exchange Act). Based on the evaluation, our principal executive • provide reasonable assurance regarding prevention or timely detection of
officers and our financial officers concluded that our disclosure controls and unauthorized acquisition, use or disposition of the company’s assets that
procedures were effective as of December 31, 2011. could have a material effect on the financial statements.
There has been no change in our internal control over financial reporting (as Because of its inherent limitations, internal control over financial reporting
defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) that occurred may not prevent or detect misstatements. Projections of any evaluation of
during our fiscal quarter ended December 31, 2011, that has materially affected, or effectiveness to future periods are subject to the risk that controls may become
is reasonably likely to materially affect, our internal control over financial reporting. inadequate because of changes in conditions, or that the degree of compliance with
the policies or procedures may deteriorate.
Internal Control Over Financial Reporting Our management assessed the effectiveness of our internal control over
Management’s Report on Internal Control Over Financial financial reporting as of December 31, 2011. In making this assessment, our
Reporting management used the criteria established in Internal Control-Integrated Framework
issued by the Committee of Sponsoring Organizations of the Treadway
Our management is responsible for establishing and maintaining adequate Commission. Based on their assessment and those criteria, management believes
internal control over financial reporting as defined in Rule 13a-15(f) or 15d-15(f) that, as of December 31, 2011, our internal control over financial reporting is
promulgated under the Securities Exchange Act of 1934. Those rules define internal effective.
control over financial reporting as a process designed to provide reasonable
assurance regarding the reliability of financial reporting and the preparation of
110