Foot Locker 2011 Annual Report Download - page 91

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Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
There were no disagreements between the Company and its independent registered public accounting
firm on matters of accounting principles or practices.
Item 9A. Controls and Procedures
(a) Evaluation of Disclosure Controls and Procedures.
The Company’s management performed an evaluation under the supervision and with the
participation of the Company’s Chief Executive Officer (‘‘CEO’’) and Chief Financial Officer (‘‘CFO’’),
and completed an evaluation of the effectiveness of the design and operation of the Company’s
disclosure controls and procedures (as that term is defined in Rules 13a-15(e) and 15d-15(e) under
the Securities Exchange Act of 1934, as amended (the ‘‘Exchange Act’’)) as of January 28, 2012. Based
on that evaluation, the Company’s CEO and CFO concluded that the Company’s disclosure controls and
procedures were effective to ensure that information relating to the Company that is required to be
disclosed in the reports that we file or submit under the Exchange Act is recorded, processed,
summarized and reported, within the time periods specified in the SEC rules and forms, and is
accumulated and communicated to management, including the CEO and CFO, as appropriate to allow
timely decisions regarding required disclosure.
(b) Management’s Annual Report on Internal Control over Financial Reporting.
The Company’s management is responsible for establishing and maintaining adequate internal control
over financial reporting (as that term is defined in Exchange Act Rules 13a-15(f) and 15d-15(f)). To
evaluate the effectiveness of the Company’s internal control over financial reporting, the Company
uses the framework in Internal Control-Integrated Framework issued by the Committee of Sponsoring
Organizations of the Treadway Commission (the ‘‘COSO Framework’’). Using the COSO Framework,
the Company’s management, including the CEO and CFO, evaluated the Company’s internal control
over financial reporting and concluded that the Company’s internal control over financial reporting
was effective as of January 28, 2012. KPMG LLP, the independent registered public accounting firm
that audits the Company’s consolidated financial statements included in this annual report, has issued
an attestation report on the Company’s effectiveness of internal control over financial reporting,
which is included in Item 9A(d).
(c) Changes in Internal Control over Financial Reporting.
During the Company’s last fiscal quarter there were no changes in internal control over financial
reporting that materially affected, or are reasonably likely to materially affect, the Company’s internal
control over financial reporting.
(d) Report of Independent Registered Public Accounting Firm on Internal Control Over Financial
Reporting- the report appears on the following page.
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