Incredimail 2013 Annual Report Download - page 86

PART II
ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES
None.
ITEM 15. CONTROLS AND PROCEDURES
(a) Disclosure Controls and Procedures
. Our management, including our Chief Executive Officer and Chief Financial
Officer, has evaluated the effectiveness of our "disclosure controls and procedures" (as such term is defined in Rules 13a-15(e) and 15d-
15(e)
under the Exchange Act) as of December 31, 2013. Based on such evaluation, our Chief Executive Officer and Chief Financial Officer have
concluded that, as of December 31, 2013, our disclosure controls and procedures are effective to ensure that information required to be disclosed
by us in the reports we file or submit under the Exchange Act and the rules thereunder, is recorded, processed, summarized and reported within
the time periods specified in the SEC’
s rules and forms and to ensure that information required to be disclosed in the reports that we file or
submit under the Exchange Act is accumulated and communicated to our management, including our Chief Executive Officer and Chief
Financial Officer, to allow timely decisions regarding required disclosure.
(b) 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 defined in Rules 13a-15(f) and 15d-
15(f) under the Exchange
Act. Our internal control over financial reporting is a process 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. Our internal control
over financial reporting includes those policies and procedures that:
Our management recognizes that there are inherent limitations in the effectiveness of any system of internal control over financial
reporting, including the possibility of human error and the circumvention or override of internal control. Accordingly, even effective internal
control over financial reporting can provide only reasonable assurance with respect to financial statement preparation, and may not prevent or
detect all misstatements. Further, because of changes in conditions, the effectiveness of internal control over financial reporting may vary over
time.
Our management assessed the effectiveness of our internal control over financial reporting as of December 31, 2013. 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" (1992 framework). Our management has concluded, based on its assessment, that our internal control
over financial reporting was effective as of December 31, 2013.
(c) Attestation Report of Registered Public Accounting Firm: Our independent registered public accounting firm, Kost,
Forer, Gabbay & Kasierer, a member of Ernst & Young Global independently assessed the effectiveness of our internal control over financial
reporting and has issued an attestation report, which is included under Item 18 on page F-3 of this annual report.
(d) Changes in Internal Control Over Financial Reporting
: During the period covered by this report, no changes in our
internal control over financial reporting (as such term is defined in Rules 13a-15(f) and 15d-
15(f) under the Exchange Act) have occurred that
have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
None.
ITEM 14.
MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS
1
pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and
dispositions of our assets;
1
provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial
statements in accordance with generally accepted accounting principles, and that our receipts and expenditures are
being made only in accordance with authorizations of our management and directors; and
1
provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition
of our assets that could have a material effect on the financial statements.
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