Urban Outfitters 2009 Annual Report Download - page 40

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Management’s Annual Report on Internal Controls Over Financial Reporting
Our management is responsible for establishing and maintaining adequate internal control over
financial reporting, as defined in the Securities Exchange Act Rule 13a-15(f). Our system of internal
control is designed to provide reasonable, not absolute, assurance regarding the reliability of financial
reporting and the preparation of financial statements for external purposes in accordance with
generally accepted accounting principles.
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 design and
effectiveness of our internal control over financial reporting based on the Internal Control—Integrated
Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission.
Based on this evaluation, our management concluded that the Company’s internal control over
financial reporting was effective as of January 31, 2009.
The effectiveness of internal control over financial reporting as of January 31, 2009 was audited
by Deloitte & Touche LLP, an independent registered public accounting firm, as stated in their report
that is included on page 39 of this annual report on Form 10-K.
Changes in Internal Control Over Financial Reporting
There were no changes in the Company’s internal control over financial reporting during the
Company’s fourth quarter of fiscal 2009 that have materially affected, or are reasonably likely to
materially affect, the Company’s internal control over financial reporting.
38