ManpowerGroup 2004 Annual Report Download - page 59

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MANPOWER INC. 2004 Annual Report57
Forward-Looking Statements
Statements made in this annual report that are not statements of historical fact are forward-looking statements. All
forward-looking statements involve risks and uncertainties. The information under the heading “Forward-Looking
Statements” in our annual report on Form 10-K for the year ended December 31, 2004, which information is incorporated
herein by reference, provides cautionary statements identifying, for purposes of the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995, important factors that could cause our actual results to differ materially
from those contained in the forward-looking statements. Some or all of the factors identified in our annual report on
Form 10-K may be beyond our control. Forward-looking statements can be identified by words such as “expect,”
“anticipate,” “intend,” “plan,” “may,” “will,” “believe,” “seek,” “estimate,” and similar expressions. We caution that any
forward-looking statement reflects only our belief at the time the statement is made. We undertake no obligation to
update any forward-looking statements to reflect subsequent events or circumstances.
MANAGEMENT’S DISCUSSION AND ANALYSIS
of financial condition and results of operations
We are responsible for establishing and maintaining effective internal control over financial reporting as defined in Rule
13a-15(f) under the Securities Exchange Act of 1934. Our internal control over financial reporting is a process designed to
provide reasonable assurance to management and the board of directors 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.
Under the supervision and with the participation of management, including our Chairman and Chief Executive Officer
and our Executive Vice President and Chief 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. This evaluation included review of the
documentation of controls, evaluation of the design effectiveness of controls, testing of the operating effectiveness of
controls and a conclusion on this evaluation. Based on our evaluation we have concluded that our internal control over
financial reporting was effective as of December 31, 2004.
Our assessment of the effectiveness of our internal control over financial reporting as of December 31, 2004 has been
audited by PricewaterhouseCoopers LLP, an independent registered public accounting firm, as stated in their report
which is included herein.
MANAGEMENT REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING