Nordstrom 2005 Annual Report Download - page 33

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Nordstrom, Inc. and subsidiaries 25
Item 8. Financial Statements and Supplementary Data.
MANAGEMENT RESPONSIBILITY FOR FINANCIAL INFORMATION
We are responsible for the preparation, integrity and fair presentation of our financial statements and the other information
that appears in this annual report on Form 10-K. The financial statements have been prepared in accordance with accounting
principles generally accepted in the United States and include estimates based on our best judgment.
We maintain a comprehensive system of internal controls and procedures designed to provide reasonable assurance, at an
appropriate cost-benefit relationship, that our financial information is accurate and reliable, our assets are safeguarded and
our transactions are executed in accordance with established procedures.
Deloitte and Touche LLP, an independent registered public accounting firm, is retained to audit Nordstrom’s consolidated
financial statements and management’s assessment of the effectiveness of the Company’s internal control over financial
reporting. Its accompanying reports are based on audits conducted in accordance with the standards of the Public Company
Accounting Oversight Board (United States).
The Audit Committee, which is comprised of six independent directors, meets regularly with our management, our internal
auditors and the independent registered public accounting firm to ensure that each is properly fulfilling its responsibilities.
The Committee oversees our systems of internal control, accounting practices, financial reporting and audits to ensure their
quality, integrity and objectivity are sufficient to protect shareholders’ investments.
MANAGEMENT’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING
Our management is responsible for establishing and maintaining adequate internal control over financial reporting, as such
term is defined in the Securities and Exchange Act of 1934 rules. Management 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 the Company’s internal control over financial reporting was effective as of January 28, 2006.
Management’s assessment of the effectiveness of our internal control over financial reporting as of January 28, 2006 has
been audited by Deloitte & Touche LLP, an independent registered public accounting firm, as stated in their report which is
included herein.
/s/ Michael G. Koppel
Michael G. Koppel
Executive Vice President and Chief Financial Officer
/s/ Blake W. Nordstrom
Blake W. Nordstrom
President