Pitney Bowes 2010 Annual Report Download - page 48

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ITEM 8. – FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
See “Index to Consolidated Financial Statements and Supplemental Data” on Page 36 of this Form 10-K.
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
Under the direction of our Chief Executive Officer (CEO) and Chief Financial Officer (CFO), we evaluated our disclosure controls
and procedures (as defined in Rule 13a-15(e) or Rule 15d-15(e) under the Securities Exchange Act of 1934, as amended (the
Exchange Act)) and internal control over financial reporting. Our CEO and CFO concluded that such disclosure controls and
procedures were effective as of December 31, 2010, based on the evaluation of these controls and procedures required by paragraph
(b) of Rule 13a-15 or Rule 15d-15 under the Exchange Act. It should be noted that any system of controls is based in part upon
certain assumptions designed to obtain reasonable (and not absolute) assurance as to its effectiveness, and there can be no assurance
that any design will succeed in achieving its stated goals. Notwithstanding this caution, the CEO and CFO have reasonable assurance
that the disclosure controls and procedures were effective as of December 31, 2010.
Management’s Report on Internal Control over Financial Reporting
Management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rules 13a-
15(f) and 15d-15(f) under the Exchange Act. Our internal control over financial reporting is a process designed to provide reasonable
assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in
accordance with generally accepted accounting principles.
Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. 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 internal control policies or procedures may deteriorate.
Management assessed the effectiveness of our internal control over financial reporting as of December 31, 2010. 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. Management’s assessment included evaluating the design of our internal control
over financial reporting and testing of the operational effectiveness of our internal control over financial reporting. Based on its
assessment, management concluded that, as of December 31, 2010, our internal control over financial reporting was effective based on
the criteria issued by COSO in Internal Control – Integrated Framework.
PricewaterhouseCoopers LLP, the independent accountants that audited our financial statements included in this Form 10-K, has
issued an attestation report on our internal control over financial reporting, which report is included on page 37 of this Form 10-K.
Changes in Internal Control over Financial Reporting
There have been no changes in our internal control over financial reporting during the three months ended December 31, 2010, that
have materially affected, or are reasonably likely to materially affect, such internal control over financial reporting.
ITEM 9B. – OTHER INFORMATION
None.