World Fuel Services 2007 Annual Report Download - page 19

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64435 TX 11WORLD FUEL SERVICES
ANNUAL REPORT
26-Feb-2008 22:14 EST
CLN PSTAM
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9.9.26
We are exposed to risks from legislation requiring companies to have adequate internal controls over
financial reporting and to evaluate those internal controls.
Section 404 of the Sarbanes-Oxley Act of 2002 requires our management to assess, and our independent
registered public accounting firm to attest to, the effectiveness of our internal control structure and procedures for
financial reporting. We completed an evaluation of the effectiveness of our internal control over financial
reporting for the fiscal year ended December 31, 2007, and we have an ongoing program to perform the system
and process evaluation and testing necessary to continue to comply with these requirements. We expect to
continue to incur increased expense and to devote additional management resources to Section 404 compliance.
In the event that our chief executive officer, chief financial officer or independent registered public accounting
firm determines that our internal control over financial reporting is not effective as defined under Section 404,
investor perceptions and our reputation may be adversely affected and the market price of our stock could
decline.
Item 1B. Unresolved Staff Comments
None.
11