Royal Caribbean Cruise Lines 2008 Annual Report Download - page 49

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Royal Caribbean Cruises Ltd. 33
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 supervision and with the participation of our management,
including our Chairman and Chief Executive Officer and Executive Vice
President and Chief Financial Officer, we conducted an evaluation of
the effectiveness of our disclosure controls and procedures, as such
term is defined in Exchange Act Rule 13a-15(e), as of the end of the
period covered by this report and concluded that those controls and
procedures were effective.
MANAGEMENT’S REPORT ON INTERNAL CONTROL
OVER FINANCIAL REPORTING
Our management is responsible for establishing and maintaining
adequate internal control over financial reporting, as such term is
defined in Exchange Act Rule 13a-15(f). Under the supervision and
with the participation of our management, including our Chairman
and Chief Executive Officer and Executive Vice President and Chief
Financial Officer, we conducted an evaluation of the effectiveness of
our internal control over financial 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 management concluded that our internal control
over financial reporting was effective as of December 31, 2008. The
effectiveness of our internal control over financial reporting as of
December 31, 2008 has been audited by PricewaterhouseCoopers LLP,
the independent registered certified public accounting firm that audited
our consolidated financial statements included in this Annual Report on
Form 10-K, as stated in their report, which is included on page F-2.
CHANGES IN INTERNAL CONTROLS
OVER FINANCIAL REPORTING
There were no changes in our internal control over financial reporting
identified in connection with the evaluation required by paragraph (d)
of Exchange Act Rules 13a-15 and 15d-15 during the quarter ended
December 31, 2008 that have materially affected or are reasonably
likely to materially affect our internal control over financial reporting.
It should be noted that any system of controls, however well designed
and operated, can provide only reasonable, and not absolute, assur-
ance that the objectives of the system will be met. In addition, the
design of any control system is based in part upon certain assump-
tions about the likelihood of future events. Because of these and other
inherent limitations of control systems, there is only the reasonable
assurance that our controls will succeed in achieving their goals under
all potential future conditions.
ITEM 9B. OTHER INFORMATION
None.
PART II