Citrix 2007 Annual Report Download - page 66

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ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE
There have been no changes in or disagreements with our independent registered public accountants on
accounting or financial disclosure matters during our two most recent fiscal years.
ITEM 9A. CONTROLS AND PROCEDURES
Evaluation of Disclosure Controls and Procedures
As of December 31, 2007, our management, with the participation of our President and Chief Executive
Officer and our Senior Vice President and Chief Financial Officer, evaluated the effectiveness of our disclosure
controls and procedures pursuant to Rule 13a-15(b) promulgated under the Securities Exchange Act of 1934, as
amended (the “Exchange Act”). Based upon that evaluation, our President and Chief Executive Officer and our
Senior Vice President and Chief Financial Officer concluded that, as of December 31, 2007, our disclosure
controls and procedures were effective in ensuring that material information required to be disclosed in the
reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the
time periods specified in the Securities and Exchange Commission’s rules and forms, including ensuring that
such material information is accumulated and communicated to our management, including our President and
Chief Executive Officer and our Senior Vice President and Chief Financial Officer, as appropriate to allow
timely decisions regarding required disclosure.
Changes in Internal Control Over Financial Reporting
During the quarter ended December 31, 2007, there were no changes in our internal control over financial
reporting that have materially affected, or are reasonably likely to materially affect, our internal control over
financial reporting.
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 such term is defined in Exchange Act Rule 13a – 15(f). Our internal control system was designed to
provide reasonable assurance to our management and the Board of Directors regarding the preparation and fair
presentation of published financial statements. All internal control systems, no matter how well designed have
inherent limitations. Therefore, even those systems determined to be effective can provide only reasonable
assurance with respect to financial statement preparation and presentation. Our management assessed the
effectiveness of our internal control over financial reporting as of December 31, 2007. In making this assessment,
our management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway
Commission (“COSO”) in Internal Control—Integrated Framework (the COSO criteria). Based on our
assessment we believe that, as of December 31, 2007, our internal control over financial reporting is effective
based on those criteria. The effectiveness of our internal control over financial reporting as of December 31,
2007 has been audited by Ernst & Young LLP, an independent registered public accounting firm, as stated in
their report which appears below.
ITEM 9B. OTHER INFORMATION
Our policy governing transactions in its securities by its directors, officers and employees permits its
officers, directors and certain other persons to enter into trading plans complying with Rule 10b5-1 under the
Securities Exchange Act of 1934, as amended. We have been advised that Mark Templeton, our President and
Chief Executive Officer, and Stephen Dow, a member of our Board of Directors, entered into trading plans in the
fourth quarter of 2007 in accordance with Rule 10b5-1 and our policy governing transactions in its securities.
Messrs. Templeton and Dow entered into their respective trading plans to exercise soon to expire stock options
and to sell the underlying shares of common stock. We undertake no obligation to update or revise the
information provided herein, including for revision or termination of an established trading plan.
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