Mattel 2014 Annual Report Download - page 64

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Item 8. Financial Statements and Supplementary Data.
MANAGEMENT’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING
Management is responsible for establishing and maintaining adequate internal control over financial
reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)). Mattel’s management, including
Christopher A. Sinclair, its principal executive officer, and Kevin M. Farr, its principal financial officer,
evaluated the effectiveness of Mattel’s internal control over financial reporting using the framework in Internal
Control—Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway
Commission. The scope of management’s evaluation of the effectiveness of internal control over financial
reporting does not include any internal controls of MEGA Brands Inc., a corporation incorporated under the laws
of Canada (“MEGA Brands”), which was acquired on April 30, 2014. This exclusion is in accordance with the
SEC’s general guidance that a recently acquired business may be omitted from the scope of the assessment in the
year of acquisition. MEGA Brands, excluding acquired intangible assets, represented less than 3% of Mattel’s
total assets as of December 31, 2014 and less than 5% of Mattel’s total net sales for the year ended December 31,
2014. Based on this evaluation, management concluded that Mattel’s internal control over financial reporting was
effective as of December 31, 2014. The effectiveness of the Company’s internal control over financial reporting
as of December 31, 2014 has been audited by PricewaterhouseCoopers LLP, an independent registered public
accounting firm, as stated in their report which appears herein.
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