GameStop 2011 Annual Report Download - page 66

risk management and investment policies. We continuously monitor our counterparty credit risk and utilize a
number of different counterparties to minimize our exposure to potential defaults. We do not require collateral
under derivative or investment agreements.
Item 8. 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 Framework, our management concluded that our internal control over financial reporting
was effective at the reasonable assurance level as of January 28, 2012. The effectiveness of our internal control
over financial reporting as of January 28, 2012 has been audited by BDO USA, 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
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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