Oracle 2014 Annual Report Download - page 84

Table of Contents
If overall foreign currency exchange rates in comparison to the U.S. Dollar uniformly weakened by 10%, the amount of cash, cash equivalents
and marketable securities we would report in U.S. Dollars would decrease by approximately $765 million, assuming constant foreign currency
cash, cash equivalents and marketable securities balances.
Item 8. Financial Statements and Supplementary Data
The response to this item is submitted as a separate section of this Annual Report. See Part IV, Item 15.
Item 9. Changes In and Disagreements with Accountants on Accounting and Financial Disclosure
None.
Item 9A. Controls and Procedures
Evaluation of Disclosure Controls and Procedures
As of the end of the period covered by this Annual Report on Form 10-K, we carried out an evaluation under the supervision and with the
participation of our Disclosure Committee and our management, including our Principal Executive Officers and our Principal Financial Officer,
of the effectiveness of the design and operation of our disclosure controls and procedures pursuant to Exchange Act Rules 13a-15(e) and 15d-15
(e). Disclosure controls are procedures that are designed to ensure that information required to be disclosed in our reports filed under the
Securities Exchange Act of 1934, or the Exchange Act, such as this Annual Report on Form 10-K, is recorded, processed, summarized and
reported within the time periods specified by the U.S. Securities and Exchange Commission. Disclosure controls are also designed to ensure that
such information is accumulated and communicated to our management, including our Principal Executive Officers and our Principal Financial
Officer, as appropriate to allow timely decisions regarding required disclosure. Our quarterly evaluation of disclosure controls includes an
evaluation of some components of our internal control over financial reporting. We also perform a separate annual evaluation of internal control
over financial reporting for the purpose of providing the management report below.
The evaluation of our disclosure controls included a review of their objectives and design, our implementation of the controls and the effect of
the controls on the information generated for use in this Annual Report on Form 10-K.
In the course of the controls evaluation, we reviewed data
errors or control problems identified and sought to confirm that appropriate corrective actions, including process improvements, were being
undertaken. This type of evaluation is performed on a quarterly basis so that the conclusions of management, including our Principal Executive
Officers and our Principal Financial Officer, concerning the effectiveness of the disclosure controls can be reported in our periodic reports on
Form 10-Q and Form 10-K. Many of the components of our disclosure controls are also evaluated on an ongoing basis by both our internal audit
and finance organizations. The overall goals of these various evaluation activities are to monitor our disclosure controls and to modify them as
necessary. We intend to maintain our disclosure controls as dynamic processes and procedures that we adjust as circumstances merit.
Based on our management’s evaluation (with the participation of our Principal Executive Officers and our Principal Financial Officer), as of the
end of the period covered by this report, our Principal Executive Officers and our Principal Financial Officer have concluded that our disclosure
controls and procedures were effective.
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
Exchange Act Rules 13a-15(f) and 15d-15(f). Under the supervision and with the participation of our management, including our Principal
Executive Officers and our Principal Financial Officer, we conducted an evaluation of the effectiveness of our internal control over financial
reporting as of May 31, 2015 based on the guidelines established in Internal Control—Integrated Framework issued by the Committee of
Sponsoring Organizations of the Treadway Commission’s 2013 framework. Our internal control over financial reporting includes policies and
procedures that provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for
external reporting purposes in accordance with U.S. generally accepted accounting principles.
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