Ingram Micro 2000 Annual Report Download - page 58

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INGRAM MICRO
Management is responsible for the integrity of the financial information contained in this annual report,including the
Company’s consolidated financial statements, which have been prepared in conformity with generally accepted accounting princi-
ples and include amounts based upon management’s informed estimates and judgments.
Management believes it maintains an effective system of internal accounting controls, including an internal audit program, that
is designed to provide reasonable, but not absolute, assurance that assets are safeguarded and that accounting records provide a reli-
able basis for the preparation of financial statements.This system is continuously reviewed,improved and modified in response to
changing business conditions and operations and recommendations made by the independent accountants and internal auditors.
Management believes that the accounting and control systems provide reasonable assurance that assets are safeguarded and financial
information is reliable.
The Company’s Bylaws provide that a majority of members of the Audit Committee of the Board of Directors shall be
Independent Directors who are not employees of the Company.The Audit Committee is currently comprised entirely of
Independent Directors.The Audit Committee represents the shareowners and the Board of Directors on matters relating to corpo-
rate accounting, financial reporting, internal accounting control and auditing including the ongoing assessment of the activities of
the independent accountants and internal auditors.The independent accountants and internal auditors advise the Audit Committee
of significant findings and recommendations arising from their activities and have free access to the Audit Committee, with or with-
out the presence of management.
Ken t B . Fo s t e r Mic h a el J. G ra i n ge r
C h a i rman of the Board and P re s i d e n t , Chief Operating Officer and
Chief Exe c u t i ve Officer Chief Financial Officer
To the Board of Directors and Stockholders of Ingram Micro Inc.
In our opinion, the accompanying consolidated balance sheet and the related consolidated statements of income, stockholders’
equity and cash flows present fairly, in all material respects, the financial position of Ingram Micro Inc. and its subsidiaries at
December 30, 2000 and January 1,2000, and the results of their operations and their cash flows for each of the three years in the
period ended December 30,2000 in conformity with accounting principles generally accepted in the United States of America.
These financial statements are the responsibility of the Company’s management;our responsibility is to express an opinion on these
financial statements based on our audits.We conducted our audits of these statements in accordance with auditing standards gener-
ally accepted in the United States of America, which require that we plan and perform the audit to obtain reasonable assurance
about whether the financial statements are free of material misstatement.An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates
made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable
basis for our opinion.
P r i c e wa t e r h o u s e C o o p e rs LLP
Orange County, California
February 28, 2001
Ma n a g e m e n t’s st a t e m e n t of financial res p o n s i b l i t y
Report of independent acco u nt a nt s