Seagate 2014 Annual Report Download - page 117
Download and view the complete annual report
Please find page 117 of the 2014 Seagate annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.TableofContents
ITEM9.CHANGESINANDDISAGREEMENTSWITHACCOUNTANTSONACCOUNTINGANDFINANCIALDISCLOSURE
Notapplicable.
ITEM9A.CONTROLSANDPROCEDURES
ConclusionsRegardingDisclosureControlsandProcedures
OurChiefExecutiveOfficerandourChiefFinancialOfficerhaveconcluded,basedontheevaluationoftheeffectivenessofourdisclosurecontrolsand
procedures(asdefinedinRules13a-15(e)and15d-15(e)oftheSecuritiesExchangeActof1934,asamended)byourmanagement,withtheparticipationofour
chiefexecutiveofficerandourchieffinancialofficer,thatourdisclosurecontrolsandprocedureswereeffectiveasofJuly3,2015.
Management'sReportonInternalControloverFinancialReporting
Ourmanagementisresponsibleforestablishingandmaintainingadequateinternalcontroloverfinancialreporting(asdefinedinRules13a-15(f)and15d-
15(f)undertheSecuritiesExchangeActof1934,asamended).Underthesupervisionandwiththeparticipationofourmanagement,includingourChiefExecutive
OfficerandChiefFinancialOfficer,weconductedanevaluationoftheeffectivenessofourinternalcontroloverfinancialreportingbasedontheframeworkin
InternalControl-IntegratedFramework(2013)issuedbytheCommitteeofSponsoringOrganizationsoftheTreadwayCommission,orCOSO.
Basedonourevaluationunderthe2013frameworkinInternalControl—IntegratedFramework,ourmanagementhasconcludedthatourinternalcontrolover
financialreportingwaseffectiveasofJuly3,2015.TheeffectivenessofourinternalcontroloverfinancialreportingasofJuly3,2015hasbeenauditedbyErnst&
YoungLLP,theindependentregisteredpublicaccountingfirmthatauditedourfinancialstatementsincludedinthisForm10-K,asstatedintheirreportthatis
includedherein.
ChangesinInternalControloverFinancialReporting
Therewerenochangesinourinternalcontroloverfinancialreportingduringourfourthfiscalquarterthathavemateriallyaffected,orarereasonablylikelyto
materiallyaffect,ourinternalcontroloverfinancialreporting.
LimitationsontheEffectivenessofControls
Ourmanagement,includingourChiefExecutiveOfficerandChiefFinancialOfficer,doesnotexpectthatourdisclosurecontrolsandproceduresorour
internalcontrolswillpreventallerrorsandallfraud.Acontrolsystem,nomatterhowwellconceivedandoperated,canprovideonlyreasonable,notabsolute,
assurancethattheobjectivesofthecontrolsystemaremet.Further,thedesignofacontrolsystemmustreflectthefactthatthereareresourceconstraints,andthe
benefitsofcontrolsmustbeconsideredrelativetotheircosts.Ourdisclosurecontrolsandproceduresandourinternalcontrolshavebeendesignedtoprovide
reasonableassuranceofachievingtheirobjectives.Becauseoftheinherentlimitationsinallcontrolsystems,noevaluationofcontrolscanprovideabsolute
assurancethatallcontrolissuesandinstancesoffraud,ifany,withinSeagatehavebeendetected.Anevaluationwasperformedunderthesupervisionandwiththe
participationofourmanagement,includingourChiefExecutiveOfficerandChiefFinancialOfficer,oftheeffectivenessofthedesignandoperationofour
disclosurecontrolsandproceduresasofJuly3,2015.Basedonthatevaluation,ourmanagement,includingourChiefExecutiveOfficerandChiefFinancial
Officer,concludedthatourdisclosurecontrolsandprocedureswereeffectiveatthereasonableassurancelevel.
114