Nike 2003 Annual Report Download - page 64

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Item 9. Changes In and Disagreements with Accountants on Accounting and Financial Disclosure
There has been no change of accountants nor any disagreements with accountants on any matter of
accounting principles or practices or financial statement disclosure required to be reported under this Item.
Item 9A. Controls and Procedures
The Company maintains disclosure controls and procedures that are designed to ensure that information
required to be disclosed in the Company’s Exchange Act reports is recorded, processed, summarized and
reported within the time periods specified in the Securities and Exchange Commission’s rules and forms and that
such information is accumulated and communicated to the Company’s management, including its Chief
Executive Officer and Chief Financial Officer, as appropriate, to allow for timely decisions regarding required
disclosure. In designing and evaluating the disclosure controls and procedures, management recognizes that any
controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of
achieving the desired control objectives, and management is required to apply its judgment in evaluating the
cost-benefit relationship of possible controls and procedures.
The Company carries out a variety of on-going procedures, under the supervision and with the participation
of the Company’s management, including the Chief Executive Officer and the Company’s Chief Financial
Officer, to evaluate the effectiveness of the design and operation of the Company’s disclosure controls and
procedures. Based on the foregoing, the Company’s Chief Executive Officer and Chief Financial Officer
concluded that the Company’s disclosure controls and procedures were effective at the reasonable assurance
level as of May 31, 2003.
There has been no change in the Company’s internal controls over financial reporting during the Company’s
most recent fiscal quarter that has materially affected, or is reasonable likely to materially affect, the Company’s
internal controls over financial reporting.
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