Medtronic 2008 Annual Report Download - page 52

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Management’s Report on the
Financial Statements
The management of Medtronic, Inc. is responsible for the integrity of
the financial information presented in this Annual Report. The
consolidated financial statements have been prepared in accordance
with accounting principles generally accepted in the United States of
America. Where necessary, and as discussed under Critical Accounting
Estimates on pages 20–21, the consolidated financial statements reflect
estimates based on management’s judgment.
The consolidated financial statements have been audited by
PricewaterhouseCoopers LLP, an independent registered public
accounting firm, who conducted their audit in accordance with the
standards of the Public Company Accounting Oversight Board
(United States). The independent registered public accounting firm’s
responsibility is to express an opinion that such financial statements
present fairly, in all material respects, our financial position, results of
operations and cash flows in accordance with accounting principles
generally accepted in the United States.
Management’s Report on Internal Control
over Financial Reporting
Management is responsible for establishing and maintaining adequate
internal control over financial reporting for the Company. Management
conducted an evaluation of the effectiveness of 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 (COSO). Based on this
evaluation, management concluded that the Company’s internal
control over financial reporting was effective as of April 25, 2008. Our
internal control over financial reporting as of April 25, 2008, has
been audited by PricewaterhouseCoopers LLP, an independent
registered public accounting firm, who has also audited our consolidated
financial statements.
William A. Hawkins
President and Chief Executive Officer
Gary L. Ellis
Senior Vice President and Chief Financial Officer
Reports of Management
48 Medtronic, Inc.