Energizer 2014 Annual Report Download - page 58

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Responsibility for Financial Statements
The preparation and integrity of the financial statements of Energizer Holdings, Inc. (the Company) are the responsibility of its
management. These statements have been prepared in conformance with generally accepted accounting principles in the United
States of America, and in the opinion of management, fairly present the Company’s financial position, results of operations and
cash flows.
The Company 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 financial records are
reliable for preparing financial statements. The selection and training of qualified 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 Board of Directors, through its Audit Committee consisting solely of non-management directors, meets periodically with
management, internal audit and the independent auditors to discuss audit and financial reporting matters. To assure
independence, PricewaterhouseCoopers LLP has direct access to the Audit Committee.
Management’s Report on Internal Control over Financial Reporting
The management of the Company is responsible for establishing and maintaining internal control over financial reporting. The
Company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the
reliability of financial reporting and the preparation of financial statements in accordance with generally accepted accounting
principles for external purposes. The Company’s internal control over financial reporting includes those policies and procedures
that: (i) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and
dispositions of the assets of the Company; (ii) provide reasonable assurance that transactions are recorded as necessary to
permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and
expenditures of the Company are being made only in accordance with authorizations of management and directors of the
Company; and (iii) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or
disposition of the Company’s assets that could have a material effect on the financial statements. Internal control over financial
reporting, because of its inherent limitations, may not prevent or detect misstatements. Also, projections of any evaluation of
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 the policies or procedures may deteriorate. Management conducted an assessment of the
effectiveness of the Company’s internal control over financial reporting based on the framework set forth in Internal Control –
Integrated Framework (1992), issued by the Committee of Sponsoring Organizations of the Treadway Commission. Based on
the Company’s assessment, management has concluded that internal control over financial reporting as of September 30, 2014
was effective. The Company’s internal control over financial reporting as of September 30, 2014 has been audited by
PricewaterhouseCoopers LLP, an independent registered public accounting firm, as stated in their report that appears herein.
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