Dollar Tree 2015 Annual Report Download - page 92

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76
Item 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL
DISCLOSURE
None.
Item 9A. CONTROLS AND PROCEDURES
Evaluation of Disclosure Controls and Procedures
We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in our
reports under the Securities Exchange Act of 1934 (Exchange Act) is recorded, processed, summarized and reported within the
time periods specified in the rules and forms of the Securities and Exchange Commission, and that such information is
accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as
appropriate, to allow timely decisions regarding required disclosure. In designing and evaluating the disclosure controls and
procedures, we recognize that any controls and procedures, no matter how well designed and operated, can provide only
reasonable assurance of achieving the desired control objectives, and management necessarily is required to apply our
judgment in evaluating the cost-benefit relationship of possible controls and procedures.
Our management has carried out, with the participation of the Company’s Chief Executive Officer and Chief Financial
Officer, an evaluation of the effectiveness of the Company’s disclosure controls and procedures, as defined in Rule 13a-15(e)
under the Exchange Act as of the end of the period covered by this report. Based upon this evaluation, our Chief Executive
Officer and our Chief Financial Officer concluded that, as of January 30, 2016, the Company’s disclosure controls and
procedures were designed and functioning effectively to provide reasonable assurance that information required to be disclosed
by us in reports that we file or submit under the Exchange Act is (i) recorded, processed, summarized and reported within the
time periods specified in Securities and Exchange Commission rules and forms and (ii) accumulated and communicated to our
management, including the Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions
regarding disclosure.
Management’s Report on Internal Control over Financial Reporting
The Company’s management is responsible for establishing and maintaining adequate internal control over financial
reporting, as defined in Exchange Act Rule 13a-15(f). The Company’s management conducted an assessment of the
Company’s internal control over financial reporting based on the framework established by the Committee of Sponsoring
Organizations of the Treadway Commission in Internal Control - Integrated Framework (2013). Based on this assessment, the
Company’s management has concluded that, as of January 30, 2016, the Company’s internal control over financial reporting is
effective.
On July 6, 2015, we acquired Family Dollar. As permitted by SEC guidance for newly acquired businesses, we excluded
Family Dollar from our assessment of internal control over financial reporting, which represented total assets of $12,429.2
million and total revenues of $6,162.0 million, for the year ended January 30, 2016. We are in the process of implementing our
internal control structure over the acquired Family Dollar operations and expect that this effort will be completed in fiscal 2016.
The Company’s independent registered public accounting firm, KPMG LLP, has audited the Company’s consolidated
financial statements and has issued an attestation report on the effectiveness of the Company’s internal control over financial
reporting. Their report appears below.
Changes in Internal Controls
There were no changes in our internal controls over financial reporting that occurred during our most recently completed
fiscal quarter that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.