TJ Maxx 2014 Annual Report Download - page 54

and communicated to our management, including our principal executive and principal financial officers, or
persons performing similar functions, as appropriate to allow timely decisions regarding required disclosures.
Management recognizes that any controls and procedures, no matter how well designed and operated, can
provide only reasonable assurance of achieving their objectives and management necessarily applies its
judgment in evaluating the cost-benefit relationship of implementing controls and procedures.
(b) Changes in Internal Control Over Financial Reporting
There were no changes in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-
15(f) under the Exchange Act) during the fourth quarter of fiscal 2015 identified in connection with our Chief
Executive Officer’s and Chief Financial Officer’s evaluation that have materially affected, or are reasonably likely
to materially affect, our internal control over financial reporting.
(c) Management’s Annual Report on Internal Control Over Financial Reporting
Our management is responsible for establishing and maintaining adequate internal control over financial
reporting. Internal control over financial reporting is defined in Rules 13a-15(f) and 15d-15(f) promulgated under
the Exchange Act as a process designed by, or under the supervision of, our principal executive and principal
financial officers, or persons performing similar functions, and effected by our Board of Directors, management
and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in accordance with GAAP and includes those policies
and procedures that:
— Pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the
transactions and dispositions of the assets of TJX;
— Provide reasonable assurance that transactions are recorded as necessary to permit preparation of
financial statements in accordance with GAAP, and that receipts and expenditures of TJX are being made
only in accordance with authorizations of management and directors of TJX; and
— Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or
disposition of TJX’s assets that could have a material effect on the financial statements.
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 the
policies or procedures may deteriorate.
Under the supervision and with the participation of our management, including our Chief Executive Officer
and Chief Financial Officer, we conducted an evaluation of the effectiveness of our internal control over financial
reporting as of January 31, 2015 based on criteria established in Internal Control—Integrated Framework 2013
issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). Based on that
evaluation, management concluded that its internal control over financial reporting was effective as of
January 31, 2015.
(d) Attestation Report of the Independent Registered Public Accounting Firm
PricewaterhouseCoopers LLP, the independent registered public accounting firm that audited and reported
on our consolidated financial statements contained herein, has audited the effectiveness of our internal control
over financial reporting as of January 31, 2015, and has issued an attestation report on the effectiveness of our
internal control over financial reporting included herein.
ITEM 9B. Other Information
Not applicable.
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