Henry Schein 2009 Annual Report Download - page 115

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103
ITEM 9. Changes In and Disagreements With Accountants on Accounting and Financial
Disclosure
None.
ITEM 9A. Controls and Procedures
Evaluation of Disclosure Controls and Procedures
Under the supervision and with the participation of management, including our principal executive
officer and principal financial officer, we evaluated the effectiveness of the design and operation of our
disclosure controls and procedures as of the end of the period covered by this annual report as such term
is defined in Rules 13a-15(e) promulgated under the Securities Exchange Act of 1934, as amended (the
“Exchange Act”). Based on this evaluation, our management, including our principal executive officer
and principal financial officer, concluded that our disclosure controls and procedures were effective as of
December 26, 2009 to ensure that all material information required to be disclosed by us in reports that
we file or submit under the Exchange Act is accumulated and communicated to them as appropriate to
allow timely decisions regarding required disclosure and that all such information is recorded, processed,
summarized and reported as specified in the SEC’s rules and forms.
Changes in Internal Control over Financial Reporting
There have been no changes in our internal control over financial reporting that occurred during the
quarter ended December 26, 2009 that have materially affected, or are reasonably likely to materially
affect, our internal control over financial reporting.
Management’s 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 Rule 13a-15(f). Our internal control system is
designed to provide reasonable assurance to our management and Board of Directors regarding the
preparation and fair presentation of published financial statements. 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, or the COSO Framework. Based on our evaluation under the
COSO Framework, our management concluded that our internal control over financial reporting was
effective at a reasonable assurance level as of December 26, 2009.
The effectiveness of our internal control over financial reporting as of December 26, 2009 has been
independently audited by BDO Seidman, LLP, an independent registered public accounting firm, and
their attestation is included herein.
Limitations of the Effectiveness of Internal Control
A control system, no matter how well conceived and operated, can provide only reasonable, not
absolute, assurance that the objectives of the internal control system are met. Because of the inherent
limitations of any internal control system, no evaluation of controls can provide absolute assurance that
all control issues, if any, within a company have been detected.