Petsmart 2007 Annual Report Download - page 45

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principles generally accepted in the United States of America 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 consolidated 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 Exchange Act. 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 Board of Directors, applicable to all our
Directors, officers, employees and 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.
We assessed the effectiveness of our internal control over financial reporting as of February 3, 2008. In making
this assessment, we 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, we believe that we
maintained effective internal control over financial reporting as of February 3, 2008.
The effectiveness of our internal control over financial reporting as of February 3, 2008 has been audited by
Deloitte & Touche, LLP, an independent registered accounting firm, as stated in their attestation report, which is
included herein.
Changes in Internal Control Over Financial Reporting
There was no change in our internal control over financial reporting, as defined in Rule 13a-15(f) of the
Exchange Act during the fourth fiscal quarter that has materially affected, or is reasonably likely to materially
affect, our internal control over financial reporting.
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