Invacare 2008 Annual Report Download - page 59

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the company’s internal auditors; a Code of Conduct; written policies and procedures; and a careful selection and
training of employees. Actions are taken to correct deficiencies as they are identified. An effective internal
control system, no matter how well designed, has inherent limitations—including the possibility of the
circumvention or overriding of controls—and therefore can provide only reasonable assurance that errors and
fraud that can be material to the financial statements are prevented or would be detected on a timely basis.
Further, because of changes in conditions, internal control system effectiveness may vary over time.
Management’s assessment of the effectiveness of the company’s internal control over financial reporting is
based on the Internal Control—Integrated Framework published by the Committee of Sponsoring Organizations
of the Treadway Commission.
In management’s opinion, internal control over financial reporting is effective as of December 31, 2008.
The company’s independent registered public accounting firm, Ernst & Young LLP, audited the company’s
internal control over financial reporting and, based on that audit, issued an attestation report regarding the
company’s internal control over financial reporting, which is included in this Annual Report on Form 10-K.
(c) Changes in Internal Control Over Financial Reporting
There have been no changes in the company’s internal control over financial reporting that occurred during
our last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the company’s
internal control over financial reporting.
Item 9B. Other Information.
None.
I-53