Foot Locker 2007 Annual Report Download - page 80

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64
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
There were no disagreements between the Company and its independent registered public accounting firm on
matters of accounting principles or practices.
Item 9A. Controls and Procedures
(a) Evaluation of Disclosure Controls and Procedures.
The Company’s management performed an evaluation under the supervision and with the participation of the
Company’s Chief Executive Officer (“CEO”) and Chief Financial Officer (“CFO”), and completed an evaluation
as of February 2, 2008 of the effectiveness of the design and operation of the Company’s disclosure controls
and procedures (as that term is defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act
of 1934, as amended (the “Exchange Act”)). Based on that evaluation, the Company’s CEO and CFO concluded
that the Company’s disclosure controls and procedures were effective to ensure that information relating to
the Company that is 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 SEC rules and form,
and is accumulated and communicated to management, including the CEO and CFO, as appropriate to allow
timely decisions regarding required disclosure.
(b) Management’s Annual Report on Internal Control over Financial Reporting.
The Company’s management is responsible for establishing and maintaining adequate internal control over
financial reporting (as that term is defined in Exchange Act Rules 13a-15(f) and 15d-15(f)). To evaluate the
effectiveness of the Company’s internal control over financial reporting, the Company uses the framework
in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the
Treadway Commission (the “COSO Framework”). Using the COSO Framework, the Company’s management,
including the CEO and CFO, evaluated the Company’s internal control over financial reporting and concluded
that the Company’s internal control over financial reporting was effective as of February 2, 2008. KPMG
LLP, the independent registered public accounting firm that audits the Company’s consolidated financial
statements included in this annual report, has issued an attestation report on the Company’s effectiveness
of internal control over financial reporting, which is included herein under the caption “Management’s
Report on Internal Control over Financial Reporting” in “Item 8. Consolidated Financial Statements and
Supplementary Data.”
(c) Attestation Report of the Independent Registered Public Accounting Firm.
KPMG’s attestation report on the effectiveness of our internal control over financial reporting is included in
“Item 8. Consolidated Financial Statements and Supplementary Data.”
(d) Changes in Internal Control over Financial Reporting.
During the Company’s last fiscal quarter there were no changes in internal control over financial reporting
that materially affected, or is reasonably likely to materially affect, the Company’s internal control over
financial reporting.
Item 9B. Other Information
None.