GameStop 2009 Annual Report Download - page 61

different counterparties to minimize our exposure to potential defaults. We do not require collateral under derivative
or investment agreements.
Item 8. Consolidated Financial Statements and Supplementary Data
See Item 15(a)(1) and (2) of this Form 10-K.
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) at the reasonable assurance level. 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 designed to provide reasonable assurance of achieving their objectives and that the Company’s
disclosure controls and procedures are effective at the reasonable assurance level. 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 at the reasonable
assurance level as of January 30, 2010. The effectiveness of our internal control over financial reporting as of
January 30, 2010 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.
(c) Changes in Internal Control Over Financial Reporting
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 and for the fiscal year ended January 30, 2010. During fiscal year 2009,
management completed its assessment of the effectiveness of Micromania’s internal control over financial reporting
and included the results of that assessment in its overall assessment of its internal controls over financial reporting.
In the process of evaluating the internal controls at Micromania, changes to certain processes, information
technology systems, and other components of internal controls resulting from this evaluation occurred. Other than
the impact of the acquisition of Micromania, there were no other changes 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 have materially affected, or are reasonably likely to
materially affect, the Company’s internal control over financial reporting.
Item 9B. Other Information
None.
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