GameStop 2014 Annual Report Download - page 72

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disclosure controls and procedures are effective at the reasonable assurance level. Notwithstanding the foregoing, acontrol 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 informationotherwise required to be set forth in our periodic reports.
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 ExchangeAct 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,weconducted 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 ("COSO"). 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 31, 2015.
The effectiveness of our internal control over financial reporting as of January 31, 2015 has been audited by Deloitte &Touche
LLP,anindependent registered public accounting firm, as stated in their report which is included in this Form 10-K on page 54.
In 2013, COSO released an update to the 1992 Integrated Framework, which is commonly referred to as the COSO 2013
Integrated Framework. We are currently in the process of transitioning our internal controls over financial reporting to be in
compliance with the COSO 2013 Integrated Framework.
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.
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