Graco 2009 Annual Report Download - page 41

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Newell Rubbermaid Inc. 2009 Annual Report
39
MANAGEMENT’S RESPONSIBILITY FOR FINANCIAL STATEMENTS AND ANNUAL REPORT
ON INTERNAL CONTROL OVER FINANCIAL REPORTING
The management of Newell Rubbermaid Inc. is responsible for the accuracy and internal consistency of the consolidated financial statements and footnotes
contained in this annual report.
The Company’s management is also responsible for establishing and maintaining adequate internal control over financial reporting. Newell Rubbermaid
Inc. operates under a system of internal accounting controls designed to provide reasonable assurance regarding the reliability of financial reporting and the
preparation of published financial statements in accordance with generally accepted accounting principles. The internal accounting control system is
evaluated for effectiveness by management and is tested, monitored and revised as necessary. 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.
The Company’s management assessed the effectiveness of the Company’s internal control over financial reporting as of December 31, 2009. In making
its assessment, the Company’s management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (COSO)
in Internal Control—Integrated Framework.
Based on the results of its evaluation, the Company’s management concluded that, as of December 31, 2009, the Company’s internal control over
financial reporting is effective based on those criteria.
The Company’s independent registered public accounting firm, Ernst & Young LLP, has audited the financial statements prepared by the management of
Newell Rubbermaid Inc. and the effectiveness of Newell Rubbermaid Inc.’s internal control over financial reporting. Their reports on the financial statements
and on the effectiveness of Newell Rubbermaid Inc.’s internal control over financial reporting are presented herein.
NEWELL RUBBERMAID INC.
Atlanta, Georgia
March 1, 2010