Petsmart 2005 Annual Report Download - page 51

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosures
None.
Item 9A. Controls and Procedures
PetSmart maintains disclosure controls and procedures that are designed to provide reasonable assurance that
information required to be disclosed in our reports under the Securities Exchange Act of 1934, as amended or the
Exchange Act, is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules
and forms, and that such information is accumulated and communicated to management, including our Chief
Executive Officer (“CEO”) and Chief Financial Officer (“CFO”), as appropriate, to allow timely decisions
regarding required disclosure.
As required by Rule 13a-15(b) under the Securities Exchange Act of 1934, as amended, our management
conducted an evaluation (under the supervision and with the participation of our CEO and our CFO) as of the end of
the period covered by this report, of the effectiveness of our disclosure controls and procedures as defined in
Rule 13a-15(e) under the Exchange Act. In performing this evaluation, our CEO and CFO concluded that, as of
January 29, 2006, our disclosure controls and procedures were (1) designed to ensure that material information
relating to us, including our consolidated subsidiaries, is made known to our CEO and CFO by others within the
entities, particularly during the period in which this report was being prepared and (2) effective, in that they provide
reasonable assurance that information required to be discussed by us in the reports that we file or submit under the
Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules
and forms.
Management’s Report on Internal Control Over Financial Reporting
We are responsible for the preparation and integrity of the consolidated financial statements appearing in our
Annual Report on Form 10-K. The financial statements were prepared in conformity with generally accepted
accounting principles appropriate in the circumstances and, accordingly, include certain amounts based on our best
judgments and estimates. Financial information in this Annual Report on Form 10-K is consistent with that in the
financial statements.
We are responsible for establishing and maintaining adequate internal control over financial reporting as such
term is defined in Rules 13a-15(f) under the Securities Exchange Act of 1934, as amended. Our internal controls
over financial reporting are designed to provide reasonable assurance regarding the reliability of financial reporting
and the preparation of the Consolidated Financial Statements. Our internal control over financial reporting is
supported by a program of internal audits and appropriate reviews by management, written policies and guidelines,
careful selection and training of qualified personnel and a written Code of Business Conduct adopted by our
Company’s Board of Directors, applicable to all PetSmart Directors and all officers and employees of PetSmart and
our subsidiaries.
Because of its inherent limitations, internal control over financial reporting may not prevent or detect
misstatements and even when determined to be effective, can only provide reasonable assurance with respect to
financial statement preparation and presentation. Also, projections of any evaluation of effectiveness to future
periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the
degree of compliance with the policies or procedures may deteriorate.
Management assessed the effectiveness of our internal control over financial reporting as of January 29, 2006.
In making this assessment, management used the criteria set forth by the Committee of Sponsoring Organizations of
the Treadway Commission (COSO) in Internal Control — Integrated Framework. Based on our assessment,
management believes that PetSmart maintained effective internal control over financial reporting as of January 29,
2006.
Deloitte & Touche LLP, a registered public accounting firm, is appointed by the Audit Committee of the
Company’s Board of Directors, subject to ratification by our stockholders. Deloitte & Touche LLP has audited and
reported on the Consolidated Financial Statements of PetSmart and our subsidiaries and management’s assessment
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