GameStop 2008 Annual Report Download - page 61

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
None.
Item 9A. Controls and Procedures
(a) Evaluation of Disclosure Controls and Procedures
As of the end of the period covered by this report, the Company’s management conducted an evaluation, under
the supervision and with the participation of the principal executive officer and principal financial officer, of the
Company’s disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange
Act). Based on this evaluation, the principal executive officer and principal financial officer concluded that, as of the
end of the period covered by this report, the Company’s disclosure controls and procedures are effective.
Notwithstanding the foregoing, a control system, no matter how well designed and operated, can provide only
reasonable, not absolute, assurance that it will detect or uncover failures within the Company to disclose material
information otherwise required to be set forth in the Company’s periodic reports.
(b) Management’s Annual Report on Internal Control Over Financial Reporting
Our management is responsible for establishing and maintaining adequate internal control over financial
reporting, as such term is defined in Exchange Act Rules 13a-15(f) and 15d-15(f). Under the supervision and with
the participation of our management, including our principal executive officer and principal financial officer, we
conducted an evaluation of the effectiveness of our internal control over financial reporting based on the framework
in Internal Control — Integrated Framework issued by the Committee of Sponsoring Organizations of the
Treadway Commission. Based on our evaluation under the framework in Internal Control — Integrated Frame-
work, our management concluded that our internal control over financial reporting was effective as of January 31,
2009. The effectiveness of our internal control over financial reporting as of January 31, 2009 has been audited by
BDO Seidman, LLP, an independent registered public accounting firm, as stated in their report which is included in
this Form 10-K.
The Company completed the acquisition of Micromania on November 17, 2008 and the results of operations of
Micromania are included in the Company’s consolidated financial statements for the period from the date of the
acquisition through January 31, 2009. Management excluded from its assessment of the effectiveness of the
Company’s internal control over financial reporting the internal controls of Micromania. Such exclusion was in
accordance with the Securities and Exchange Commission guidance that an assessment of a recently acquired
business may be omitted from management’s report on internal control over financial reporting in the year of the
acquisition. The assets, liabilities and results of operation for Micromania were not significant when compared to
the Company’s consolidated assets, liabilities and results of operations as of and for the 52 weeks ended January 31,
2009.
(c) Changes in Internal Control Over Financial Reporting
Micromania operates on different information technology systems than the Company. The Company is
currently evaluating the internal control processes at Micromania and changes to certain processes, information
technology systems, and other components of internal controls resulting from this evaluation may occur. Other than
the impact of the acquisition of Micromania, there was no change in the Company’s internal control over financial
reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during the Company’s
most recently completed fiscal quarter that has materially affected, or is reasonably likely to materially affect, the
Company’s internal control over financial reporting.
Item 9B. Other Information
None.
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