Western Union 2010 Annual Report Download - page 132

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ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE
None.
ITEM 9A. CONTROLS AND PROCEDURES
Evaluation of Disclosure Controls and Procedures
Our management, under the supervision and with the participation of the Principal Executive Officer and
Principal Financial Officer, have evaluated the effectiveness of our controls and procedures related to our reporting
and disclosure obligations as of December 31, 2010, which is the end of the period covered by this Annual Report on
Form 10-K. Based on that evaluation, the Principal Executive Officer and Principal Financial Officer have
concluded that, as of December 31, 2010, the disclosure controls and procedures were effective to ensure that
information required to be disclosed by us, including our consolidated subsidiaries, in the reports we file or submit
under the Exchange Act, is recorded, processed, summarized and reported, as applicable, within the time periods
specified in the rules and forms of the Securities and Exchange Commission, and are designed to ensure that
information required to be disclosed by us in the reports that we file or submit are accumulated and communicated
to our management, including our Principal Executive Officer and Principal Financial Officer, to allow timely
decisions regarding required disclosure.
Management’s Annual Report on Internal Control Over Financial Reporting
Management’s report on Western Union’s internal control over financial reporting (as such term is defined in
Rules 13a-15(f) and 15d-15(f) under the Securities Exchange Act of 1934), and the related Report of Independent
Registered Public Accounting Firm, are set forth under Item 8 of this Annual Report on Form 10-K.
Changes in Internal Control over Financial Reporting
On May 25, 2010 and as subsequently revised, our Board of Directors approved a restructuring plan including the
elimination and relocation of employees who, among other functions, staffed certain of our operational accounting,
IT and other functions. Accordingly, we will experience significant turnover in these areas during the transition of
these operations to new or existing Company facilities and third-party providers. Management believes it is taking
the necessary steps to monitor and maintain appropriate internal controls during this period of change.
There has not been any change in our internal control over financial reporting during our most recently
completed fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal controls
over financial reporting.
ITEM 9B. OTHER INFORMATION
None.
PART III
ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
Except for the information required by this item with respect to our executive officers included in Item 1 of Part I
of this Annual Report on Form 10-K and our Code of Ethics, the information required by this Item 10 is
incorporated herein by reference to the discussion in “Proposals Submitted for Shareholder Vote—Proposal 1—
Election of Directors,” “Board of Directors Information,” “Section 16(a) Beneficial Ownership Reporting
Compliance,” and “Corporate Governance—Committees of the Board of Directors” of our definitive proxy
statement for the 2011 annual meeting of stockholders.
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