Medtronic 2012 Annual Report Download - page 75

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Item 8. Financial Statements and Supplementary Data
Reports of Management
Management’s Report on the Financial Statements
The management of Medtronic, Inc. is responsible for the integrit y of the financial information
presented in this Annual Report on Form 10-K. 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 Estimateson pages 30 to 33, 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 as to whether 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 Annual 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 27, 2012. Our internal control over financial reporting as of April 27, 2 0 12 has been audited by
PricewaterhouseCoopers LLP, an independent registered public accounting firm, who has also audited our
consolidated financial statements.
/s/ Omar Ishrak
Omar Ishrak
Chairman and Chief Executive Officer
/s/ Gary L. Ellis
Gary L. Ellis
Senior Vice President and Chief Financial Officer
58