MoneyGram 2010 Annual Report Download - page 74

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Table of Contents
Item 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
Market risk disclosure is discussed under "Enterprise Risk Management" in Item 7 of this Annual Report on Form 10-K.
Item 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
The information called for by Item 8 is found in a separate section of this Annual Report on Form 10-K on pages F-1 through F-65. See
the "Index to Financial Statements" on page F-1.
Item 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL
DISCLOSURE
None.
Item 9A. CONTROLS AND PROCEDURES
As of the end of the period covered by this report (the "Evaluation Date"), the Company carried out an evaluation, under the supervision
and with the participation of management, including the Chief Executive Officer and the Chief Financial Officer, of the effectiveness of
the design and operation of the Company's disclosure controls and procedures (as defined in Rule 13a-15(e) of the Securities Exchange
Act of 1934, as amended (the "Exchange Act")). Based upon that evaluation, the Chief Executive Officer and Chief Financial Officer
concluded that, as of the Evaluation Date, the Company's disclosure controls and procedures were effective.
In the third quarter of 2010, the Company implemented a new technology system to enhance certain processes, particularly those related
to its partner set-up, settlement and partner servicing for the money transfer, bill payment and money order products. The new system will
allow the Company to increase the flexibility of our back office, improve operating efficiencies and automate certain controls and
compliance efforts. Other than process changes related to this implementation, there were no changes in the Company's internal control
over financial reporting (as defined in Rule 13a-15(f) of the Exchange Act) during the fiscal quarter ended December 31, 2010 that have
materially affected, or are reasonably likely to materially affect, the Company's internal control over financial reporting.
Management's annual report on internal control over financial reporting is provided on page F-2 of this Annual Report on Form 10-K.
The attestation report of the Company's independent registered public accounting firm, Deloitte & Touche LLP, regarding the Company's
internal control over financial reporting is provided on page F-3 of this Annual Report on Form 10-K.
Item 9B. OTHER INFORMATION
None.
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