Xerox 2012 Annual Report Download - page 113

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111Xerox 2012 Annual Report
Reports of Management
Management’s Responsibility for Financial Statements
Our management is responsible for the integrity and objectivity of all
information presented in this annual report. The consolidated financial
statements were prepared in conformity with accounting principles
generally accepted in the United States of America and include
amounts based on management’s best estimates and judgments.
Management believes the consolidated financial statements fairly
reflect the form and substance of transactions and that the financial
statements fairly represent the Company’s financial position and results
of operations.
The Audit Committee of the Board of Directors, which is composed
solely of independent directors, meets regularly with the independent
auditors, PricewaterhouseCoopers LLP, the internal auditors and
representatives of management to review accounting, financial
reporting, internal control and audit matters, as well as the nature and
extent of the audit effort. The Audit Committee is responsible for the
engagement of the independent auditors. The independent auditors
and internal auditors have free access to the Audit Committee.
Management’s Report on Internal Control Over
Financial Reporting
Our management is responsible for establishing and maintaining
adequate internal control over financial reporting, as such term is
defined in the rules promulgated under the Securities Exchange
Act of 1934. Under the supervision and with the participation
of our management, including our principal executive, financial
and accounting officers, we have conducted an evaluation of the
effectiveness of our internal control over financial reporting based on
the framework in “Internal Control – Integrated Framework” issued
by the Committee of Sponsoring Organizations of the Treadway
Commission.
Based on the above evaluation, management has concluded that our
internal control over financial reporting was effective as of December
31, 2012.
Ursula M. Burns Luca Maestri Gary R. Kabureck
Chief Executive Officer Chief Financial Officer Chief Accounting Officer