GameStop 2013 Annual Report Download - page 68

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51
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 to disclose material information otherwise required to be set forth in our 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 (1992) 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 February 1, 2014.
During the fourth quarter of fiscal 2013, we completed our acquisitions of Spring Mobile and the remaining equity ownership
of Simply Mac that we did not previously own and began the process of integrating Spring Mobile and Simply Mac into our
operations. We have excluded Spring Mobile and Simply Mac from our assessment of our internal control over financial reporting
as of February 1, 2014 as we concluded there was insufficient time between the respective acquisition dates and the end of fiscal
2013 to properly plan, document, test and remediate, if necessary, the controls of Spring Mobile and Simply Mac. We will include
Spring Mobile and Simply Mac in our assessment of our internal control over financial reporting as of January 31, 2015 (the end
of fiscal year 2014). Because Spring Mobile and Simply Mac do not constitute a significant portion of our operations on a
consolidated basis, we do not currently expect these integration efforts to have a material effect on our internal control over financial
reporting. In the aggregate, Spring Mobile and Simply Mac represented 4.3% of our consolidated assets and less than 1% of our
consolidated net sales and consolidated net income attributable to GameStop Corp. as of and for the 52 weeks ended February 1,
2014.
The effectiveness of our internal control over financial reporting as of February 1, 2014 has been audited by Deloitte &
Touche LLP, an independent registered public accounting firm, as stated in their report which is included in this Form 10-K on
page 52.
Changes in Internal Control Over Financial Reporting
There was no change in our internal control over financial reporting (as such term is defined in Rules 13a-15(f) and 15d-15
(f) under the Exchange Act) during our most recently completed fiscal quarter that has materially affected, or is reasonably likely
to materially affect, our internal control over financial reporting.