Pep Boys 2011 Annual Report Download - page 129

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ITEM 9 CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE
None.
ITEM 9A CONTROLS AND PROCEDURES
Disclosure Controls and Procedures Our disclosure controls and procedures (as defined in
Rule 13a-15 of the Securities Exchange Act of 1934, as amended (the ‘‘Exchange Act’’)) are designed
to provide reasonable assurance that the information required to be disclosed is accumulated and
communicated to our management, including our principal executive and principal financial officers, as
appropriate to allow timely decisions regarding required disclosure. The term disclosure controls and
procedures means controls and other procedures of an issuer that are designed to ensure that
information required to be disclosed by the issuer in the reports that it files or submits under the
Exchange Act (15 U.S.C. 78a et seq.) is recorded, processed, summarized and reported, within the time
periods specified in the SEC’s rules and forms. Disclosure controls and procedures include, without
limitation, controls and procedures designed to ensure that information required to be disclosed by an
issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated
to the issuer’s management, including its principal executive and principal financial officers, or persons
performing similar functions, as appropriate to allow timely decisions regarding required disclosure.
The Company’s management, with the participation of the Company’s chief executive officer and chief
financial officer, evaluated the effectiveness of the Company’s disclosure controls and procedures as of
the end of the period covered by this report. Based on that evaluation, the chief executive officer and
chief financial officer concluded that our disclosure controls and procedures as of the end of the period
covered by this report were effective in providing reasonable assurance that the information required to
be disclosed by the Company in reports filed under the Exchange Act is recorded, processed,
summarized and reported within the time periods specified in the SEC’s rules and forms and is
accumulated and communicated to management, including our principal executive and principal
financial officers, as appropriate to allow timely decisions regarding required disclosure.
There were no changes to the Company’s internal control over financial reporting that occurred
during the quarter ended January 28, 2012 that have materially affected, or are reasonably likely to
materially affect, the Company’s internal control over financial reporting.
MANAGEMENT’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING
Management of the Company is responsible for establishing and maintaining adequate internal
control over financial reporting. The Company’s internal control over financial reporting is a process
designed under the supervision of the Company’s principal executive officer and principal financial
officer to provide reasonable assurance regarding the reliability of financial reporting and the
preparation of the Company’s financial statements for external purposes in accordance with accounting
principles generally accepted in the United States of America.
The Company’s internal control over financial reporting includes policies and procedures that
(1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the
transactions and dispositions of the assets of the Company; (2) provide reasonable assurance that
transactions are recorded as necessary to permit preparation of financial statements in accordance with
generally accepted accounting principles, and that receipts and expenditures of the Company are being
made only in accordance with authorizations of management and directors of the Company; and
(3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition,
use, or disposition of the Company’s assets that could have a material effect on the financial
statements.
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