WeightWatchers 2010 Annual Report Download - page 76

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I
nternal
C
ontrol over F
i
nanc
i
al Report
i
n
g
Management’s Annual Report on Internal Control Over Financial Reporting
Our management is responsible for establishing and maintaining adequate internal control over financial
r
eporting. Internal control over financial reporting is a process designed under the supervision and with the
p
articipation of our management, including our principal executive officer and principal financial officer, to
p
rovide reasonable assurance regarding the reliability of financial reporting and the preparation of financia
l
statements for external purposes in accordance with accounting principles generally accepted in the United State
s
o
f America.
Our management assessed the effectiveness of our internal control over financial reporting as of January 1,
2011, the end of fiscal 2010. In making this assessment, our management used the criteria set forth by th
e
Committee of Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control-Integrate
d
Framework. Based on this assessment, management, under the supervision and with the participation of ou
r
p
rincipal executive officer and principal financial officer, concluded that, as of January 1, 2011, our interna
l
control over financial reporting was effective based on those criteria.
The effectiveness of our internal control over financial reporting as of January 1, 2011 has been audited b
y
PricewaterhouseCoopers LLP, an independent registered public accounting firm, as stated in their report whic
h
appears on page F-2 to our consolidated financial statements
.
Changes in Internal Control Over Financial Reportin
g
There was no change in our internal control over financial reporting that occurred during the most recen
t
f
iscal quarter (the fourth fiscal quarter in the case of an annual report) that has materially affected, or i
s
r
easonably likely to materially affect, our internal control over financial reporting.
I
tem 9B.
O
ther In
f
ormat
i
on
N
one.
6
0