Avis 2010 Annual Report Download - page 61

Table of Contents
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
None.
ITEM 9A. CONTROLS AND PROCEDURES
56
(a)
Disclosure Controls and Procedures.
Our management, with the participation of our Chief Executive Officer and Chief Financial Officer,
has evaluated the effectiveness of our disclosure controls and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) under
the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) as of the end of the period covered by this report. Based on such
evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that, as of the end of such period, our disclosure
controls and procedures are effective.
(b)
Management
’
s Annual Report on Internal Control over Financial Reporting.
Our management is responsible for establishing and
maintaining adequate internal control over financial reporting, as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act. Our
management assessed the effectiveness of our internal control over financial reporting as of December 31, 2010. In making this
assessment, 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, our management believes that, as of December 31, 2010, our
internal control over financial reporting is effective. Our independent registered public accounting firm has issued an attestation report on
the effectiveness of the Company
’
s internal control over financial reporting, which is included below.
(c) Changes in Internal Control Over Financial Reporting. There have not been any changes in the Company’
s internal control over financial
reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during the Company’s fiscal fourth quarter
2010 that have materially affected, or are reasonably likely to materially affect, the Company
’
s internal control over financial reporting.