DSW 2009 Annual Report Download - page 40

mature every 7 to 84 days. Our other types of short-term investments generally have interest reset dates of every 7 to
28 days. These financial instruments may be subject to interest rate risk through lost income should interest rates
increase during their limited term to maturity or resetting of interest rates and thus may limit our ability to invest in
higher interest investments.
As of January 30, 2010, there was no long-term debt outstanding. Future borrowings, if any, would bear interest
at negotiated rates and would be subject to interest rate risk. Because we have no outstanding debt, we do not believe
that a hypothetical adverse change of 1% in interest rates would have a material effect on our financial position.
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.
Our financial statements and financial statement schedules and the Report of Independent Registered Public
Accounting Firm thereon are filed pursuant to this Item 8 and are included in this report beginning on page F-1.
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE.
None.
ITEM 9A. CONTROLS AND PROCEDURES.
Evaluation of Disclosure Controls and Procedures
We, under the supervision and with the participation of our management, including our Chief Executive
Officer and Chief Financial Officer, performed an evaluation of the effectiveness of our disclosure controls and
procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended
(the “Exchange Act”)). Based on that evaluation, our Chief Executive Officer and Chief Financial Officer
concluded, as of the end of the period covered by this Annual Report, that such disclosure controls and procedures
were effective.
Management’s Report on Internal Control over Financial Reporting
Management is responsible for establishing and maintaining adequate internal control over financial reporting
for the Company (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act). Our internal control over
financial reporting is designed to provide reasonable assurance regarding the reliability of financial reporting and
the preparation of financial statements in accordance with accounting principles generally accepted in the United
States of America.
Management assessed the effectiveness of our internal control system as of January 30, 2010. In making its
assessment, we used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway
Commission in Internal Control — Integrated Framework. Based on this assessment, management concluded that
it maintained effective internal control over financial reporting, as of January 30, 2010.
Deloitte & Touche LLP, our independent registered public accounting firm, has issued an attestation report
covering our internal control over financial reporting, as stated in its report which begins on page F-1 of this Annual
Report.
Changes in Internal Control over Financial Reporting
No change was made in our internal control over financial reporting during our most recent fiscal quarter that
has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.
ITEM 9B. OTHER INFORMATION.
None.
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