Neiman Marcus 2009 Annual Report Download - page 95

Table of Contents
MANAGEMENT'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING
We are responsible for the integrity and objectivity of the financial and operating information contained in this Annual
Report, including the consolidated financial statements covered by the Report of Independent Registered Public Accounting Firm.
These statements were prepared in conformity with generally accepted accounting principles and include amounts that are based on
our best estimates and judgment.
We maintain a system of internal controls, which provides management with reasonable assurance that transactions are
recorded and executed in accordance with its authorizations, assets are properly safeguarded and accounted for, and records are
maintained so as to permit preparation of financial statements in accordance with generally accepted accounting principles. This
system includes written policies and procedures, an organizational structure that segregates duties, financial reviews and a
comprehensive program of periodic audits by the internal auditors. We have also instituted policies and guidelines, which require
employees to maintain a high level of ethical standards.
In addition, the Audit Committee of the Board of Directors meets periodically with management, the internal auditors and the
independent registered public accounting firm to review internal accounting controls, audit results and accounting principles and
practices and annually recommends to the Board of Directors the selection of the independent registered public accounting firm.
We are responsible for establishing and maintaining adequate internal control over financial reporting as defined in
Rule 13a-15(f) under the Securities Exchange Act of 1934. Under our supervision and with the participation of other key members of
our management, we conducted an evaluation of the effectiveness of our internal control over financial reporting based on the
framework and criteria established in Internal Control—Integrated Framework, issued by the Committee of Sponsoring Organizations
of the Treadway Commission. Based on this evaluation, management concluded that our internal control over financial reporting was
effective as of July 31, 2010. During its assessment, management did not identify any material weaknesses in our internal control over
financial reporting.
Ernst & Young LLP, the independent registered public accounting firm that audited our consolidated financial statements
included in this Annual Report on Form 10-K, has issued an unqualified attestation report on the effectiveness of our internal controls
over financial reporting as of July 31, 2010.
BURTON M. TANSKY
President and Chief Executive Officer
JAMES E. SKINNER
Executive Vice President and Chief Financial Officer
T. DALE STAPLETON
Vice President and Controller
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