ManpowerGroup 2007 Annual Report Download - page 36

Download and view the complete annual report

Please find page 36 of the 2007 ManpowerGroup annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 71

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71

33Management’s Discussion & Analysis Manpower 2007 Annual Report
A company’s internal control over fi nancial reporting is a process designed by, or under the supervision of, the company’s
principal executive and principal fi nancial offi cers, or persons performing similar functions, and effected by the company’s
board of directors, management, and other personnel to provide reasonable assurance regarding the reliability of fi nancial
reporting and the preparation of fi nancial statements for external purposes in accordance with generally accepted accounting
principles. A company’s internal control over fi nancial reporting includes those policies and procedures that (1) pertain to the
maintenance of records that, in reasonable detail, accurately and fairly refl ect the transactions and dispositions of the assets of
the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of fi nancial
statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company
are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable
assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets
that could have a material effect on the fi nancial statements.
Because of the inherent limitations of internal control over fi nancial reporting, including the possibility of collusion or improper
management override of controls, material misstatements due to error or fraud may not be prevented or detected on a timely
basis. Also, projections of any evaluation of the effectiveness of the internal control over fi nancial reporting to future periods are
subject to the risk that the controls may become inadequate because of changes in conditions, or that the degree of compliance
with the policies or procedures may deteriorate.
In our opinion, the Company maintained, in all material respects, effective internal control over fi nancial reporting as of December
31, 2007, based on the criteria established in Internal Control—Integrated Framework issued by the COSO.
We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States),
the consolidated fi nancial statements as of and for the year ended December 31, 2007 of the Company and our report dated
February 21, 2008 expressed an unqualifi ed opinion on those fi nancial statements.
Deloitte & Touche LLP
Milwaukee, Wisconsin
February 21, 2008
Certifi cations
Manpower has fi led the Chief Executive Offi cer/Chief Financial Offi cer certifi cations that are required by Section 302 of the
Sarbanes-Oxley Act of 2002 as exhibits to its Annual Report on Form 10-K. In 2007, Jeffrey A. Joerres, Manpower’s Chief
Executive Offi cer, submitted a certifi cation to the New York Stock Exchange in accordance with Section 303A.12 of the NYSE
Listed Company Manual stating that, as of the date of the certifi cation, he was not aware of any violation by Manpower of the
NYSE’s corporate governance listing standards.