Qualcomm 2006 Annual Report Download - page 67

qualcomm 2006 53
accounting principles. Our internal control over nancial reporting
includes those policies and procedures that:
i. pertain to the maintenance of records that, in reasonable detail,
accurately and fairly reect the transactions and dispositions
of our assets;
ii. provide reasonable assurance that transactions are recorded
as necessary to permit preparation of consolidated nancial
statements in accordance with generally accepted accounting
principles, and that our receipts and expenditures are being made
only in accordance with authorizations of our management and
directors; and
iii. provide reasonable assurance regarding prevention or timely
detection of unauthorized acquisition, use or disposition of our
assets that could have a material effect on the consolidated
nancial statements.
Internal control over nancial reporting cannot provide absolute
assurance of achieving nancial reporting objectives because of
its inherent limitations, including the possibility of human error and
circumvention by collusion or overriding of controls. Accordingly,
even an effective internal control system may not prevent or detect
material misstatements on a timely basis. 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.
Changes in Internal Control Over Financial Reporting
There have been no changes in our internal control over nancial
reporting during scal 2006 that have materially affected, or are
reasonably likely to materially affect, our internal control over
nancial reporting.
changes in and disagreements with accountants on
accounting and Financial disclosure
None.
controls and Procedures
Conclusion Regarding the Effectiveness of Disclosure Controls
and Procedures
Under the supervision and with the participation of our management,
including our principal executive ofcer and principal nancial
ofcer, we conducted an evaluation of our disclosure controls and
procedures, as such term is dened under Rule 13a-15(e) promul-
gated under the Securities Exchange Act of 1934, as amended (the
Exchange Act). Based on this evaluation, our principal executive
ofcer and our principal nancial ofcer concluded that our
disclosure controls and procedures were effective as of the end
of the period covered by this Annual Report.
Management’s Report on Internal Control Over
Financial Reporting
Our management is responsible for establishing and maintaining
adequate internal control over nancial reporting, as such term is
dened in Exchange Act Rule 13a-15(f). Under the supervision and
with the participation of our management, including our principal
executive ofcer and principal nancial ofcer, we conducted an
evaluation of the effectiveness of our internal control over nancial
reporting based on the framework in Internal Control—Integrated
Framework issued by the Committee of Sponsoring Organizations
of the Treadway Commission. Based on our evaluation under the
framework in Internal Control—Integrated Framework, our manage-
ment concluded that our internal control over nancial reporting
was effective as of September 24, 2006.
PricewaterhouseCoopers LLP, the independent registered public
accounting rm that audited the consolidated nancial statements
included in this Annual Report, has also audited management’s
assessment of our internal control over nancial reporting and the
effectiveness of our internal control over nancial reporting as of
September 24, 2006, as stated in their report which appears on
page 54.
Inherent Limitations Over Internal Controls
Our internal control over nancial reporting is designed to provide
reasonable assurance regarding the reliability of nancial reporting
and the preparation of consolidated nancial statements for
external purposes in accordance with generally accepted
Controls and Financial Reporting