Garmin 2009 Annual Report Download - page 110

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Item9A.ControlsandProcedures

(a)ConclusionRegardingtheEffectivenessofDisclosureControlsandProcedures

Underthesupervisionandwiththeparticipationofourmanagement,includingtheChiefExecutive
OfficerandChiefFinancialOfficer,wehaveevaluatedtheeffectivenessofthedesignandoperationofour
disclosurecontrolsandprocedurespursuanttoExchangeActRule13a‐15(b)asoftheendoftheperiodcoveredby
thisreport.Basedontheevaluation,theChiefExecutiveOfficerandChiefFinancialOfficerhaveconcludedthat
thesedisclosurecontrolsandproceduresareeffective.

(b)Management’sReportonInternalControloverFinancialReporting

ManagementoftheCompanyisresponsibleforestablishingandmaintainingadequateinternalcontrol
overfinancialreportingfortheCompany.TheCompany’sinternalcontroloverfinancialreportingisaprocess
designedtoprovidereasonableassuranceregardingthereliabilityoffinancialreportingandthepreparationof
financialstatementsforexternalpurposesinaccordancewithgenerallyacceptedaccountingprinciples.

Becauseofitsinherentlimitations,internalcontroloverfinancialreportingmaynotpreventordetect
misstatements.Also,projectionsofanyevaluationofeffectivenesstofutureperiodsaresubjecttotheriskthat
controlsmaybecomeinadequatebecauseofchangesinconditions,orthatthedegreeofcompliancewiththe
policiesorproceduresmaydeteriorate.

Management’sassessmentofandconclusionontheeffectivenessofinternalcontroloverfinancial
reportingareincludedasExhibits31.1,31.2,32.1and32.2.

ManagementoftheCompanyassessedtheeffectivenessoftheCompany’sinternalcontroloverfinancial
reportingasofDecember26,2009.Inmakingthisassessment,managementusedthecriteriasetforthbythe
CommitteeofSponsoringOrganizationsoftheTreadwayCommission(COSO)in“InternalControl‐Integrated
Framework”.

Basedonsuchassessmentandthosecriteria,managementbelievesthattheCompanymaintained
effectiveinternalcontroloverfinancialreportingasofDecember26,2009.

Ernst&YoungLLP,theindependentregisteredpublicaccountingfirmthatauditedtheCompany’s
consolidatedfinancialstatements,issuedanattestationreportonmanagement’seffectivenessoftheCompany’s
internalcontroloverfinancialreportingasofDecember26,2009,asstatedintheirreportwhichisincludedherein.
Thatattestationreportappearsbelow.


(c)AttestationReportoftheIndependentRegisteredPublicAccountingFirm
