Energizer 2001 Annual Report Download - page 26

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RESPONSIBILITY FOR FINANCIAL STATEMENTS
The preparation and integrity of the Ñnancial statements of Energizer Holdings, Inc. are the responsibility
of its management. These statements have been prepared in conformance with generally accepted accounting
principles in the United States, and in the opinion of management, fairly present Energizer's Ñnancial position,
results of operations and cash Öows.
Energizer maintains accounting and internal control systems, which it believes are adequate to provide
reasonable assurance that assets are safeguarded against loss from unauthorized use or disposition and that the
Ñnancial records are reliable for preparing Ñnancial statements. The selection and training of qualiÑed
personnel, the establishment and communication of accounting and administrative policies and procedures,
and an extensive program of internal audits are important elements of these control systems.
The report of PricewaterhouseCoopers LLP, independent accountants, on their audits of the accompany-
ing Ñnancial statements is shown below. This report states that the audits were made in accordance with
generally accepted auditing standards in the United States. These standards include a study and evaluation of
internal control for the purpose of establishing a basis for reliance thereon relative to the scope of their audits
of the Ñnancial statements.
The Board of Directors, through its Audit Committee consisting solely of nonmanagement directors,
meets periodically with management, internal audit and the independent accountants to discuss audit and
Ñnancial reporting matters. To assure independence, PricewaterhouseCoopers LLP has direct access to the
Audit Committee.
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