WeightWatchers 2006 Annual Report Download - page 61

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Commission’s rules and forms, and that such information is accumulated and communicated to our management,
including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions
regarding required disclosures. Any controls and procedures, no matter how well designed and operated, can
provide only reasonable assurance of achieving the desired control objectives. Our management, with the
participation of our Chief Executive Officer and Chief Financial Officer, has evaluated the effectiveness of the
design and operation of our disclosure controls and procedures as of the end of the period covered by this report.
Based upon that evaluation and subject to the foregoing, our Chief Executive Officer and Chief Financial Officer
concluded that the design and operation of our disclosure controls are effective at the reasonable assurance level.
In addition, there was no change in our internal control over financial reporting that occurred during the
most recent fiscal quarter (the fourth fiscal quarter in the case of an annual report) that has materially affected, or
is reasonable likely to materially affect our internal control over financial reporting.
In fiscal 2007, we are in the process of upgrading some of our information systems, which will result in the
automation of certain key processes. As we migrate to this new environment, our management takes appropriate
actions to ensure the continuity of key controls, and the transitions are reviewed as part of our testing of internal
controls as they relate to the reliability of financial reporting and the preparation and fair presentation of our
consolidated financial statements.
Management’s 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 a process designed under the supervision and with the
participation of our management, including our principal executive officer and principal financial officer, to
provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial
statements for external purposes in accordance with accounting principles generally accepted in the United States
of America.
Our management assessed the effectiveness of our internal control over financial reporting as of
December 30, 2006, the end of fiscal 2006. In making this assessment, our management used the criteria set forth
by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in Internal
Control-Integrated Framework. Based on this assessment, management, under the supervision and with the
participation of our principal executive officer and principal financial officer, concluded that, as of December 30,
2006, our internal control over financial reporting was effective based on those criteria.
Our management’s assessment of the effectiveness of the Company’s internal control over financial
reporting as of December 30, 2006 has been audited by PricewaterhouseCoopers LLP, an independent registered
public accounting firm, as stated in their report which appears herein.
Item 9B. Other Information
None.
48