Avnet 2006 Annual Report Download - page 47

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Management's Report on Internal Control Over Financial Reporting
The Company's management, including its Chief Executive Officer and Chief Financial Officer, is
responsible for establishing and maintaining adequate internal control over financial reporting as defined in
Rules 13a-15(f) and 15(d)-15(f) under the Exchange Act. The Company's internal control over financial
reporting is designed to provide reasonable assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in accordance with generally accepted accounting
principles in the United States of America. Because of inherent limitations, internal control over financial
reporting may not prevent or detect misstatements. Also, controls may become inadequate because of changes
in conditions, or the degree of compliance with the policies or procedures may deteriorate. Management
conducted an evaluation of the effectiveness of the Company's internal control over financial reporting as of
July 1, 2006. In making this assessment, management used the framework established in Internal Control Ì
Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission
and concluded that the Company maintained effective internal control over financial reporting as of July 1,
2006.
The Company's independent registered public accounting firm, KPMG LLP, has audited the effective-
ness of the Company's internal controls over financial reporting and management's assessment of the
effectiveness of such controls as of July 1, 2006, as stated in its audit report which is included herein.
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