Kimberly-Clark 2010 Annual Report Download - page 88

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PART II
(Continued)
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE
None.
ITEM 9A. CONTROLS AND PROCEDURES
Disclosure Controls and Procedures
As of December 31, 2010, an evaluation was performed under the supervision and with the participation of
our management, including our Chief Executive Officer and Chief Financial Officer, of the effectiveness of the
design and operation of our disclosure controls and procedures. Based on that evaluation, our management,
including our Chief Executive Officer and Chief Financial Officer, concluded that our disclosure controls and
procedures were effective as of December 31, 2010.
Internal Control Over Financial Reporting
Management’s Report on the Financial Statements
Our management is responsible for all aspects of the business, including the preparation of the consolidated
financial statements in this annual report. The consolidated financial statements have been prepared using
generally accepted accounting principles considered appropriate in the circumstances to present fairly our
consolidated financial position, results of operations and cash flows on a consistent basis. Management also has
prepared the other information in this annual report and is responsible for its accuracy and consistency with the
consolidated financial statements.
As can be expected in a complex and dynamic business environment, some financial statement amounts are
based on estimates and judgments. Even though estimates and judgments are used, measures have been taken to
provide reasonable assurance of the integrity and reliability of the financial information contained in this annual
report. These measures include an effective control-oriented environment in which the internal audit function
plays an important role and an Audit Committee of the Board of Directors that oversees the financial reporting
process. The consolidated financial statements have been audited by the independent registered public accounting
firm, Deloitte & Touche LLP. During its audits, Deloitte & Touche LLP was given unrestricted access to all
financial records, including minutes of all meetings of stockholders and our Board of Directors and all
committees of our Board. Management believes that all representations made to the independent registered
public accountants during their audits were valid and appropriate.
Audit Committee Oversight and Our Code of Conduct
The Audit Committee of our Board of Directors, which is composed solely of independent directors, assists
our Board in fulfilling its responsibility for oversight of the quality and integrity of our accounting, auditing and
financial reporting practices; the audits of our consolidated financial statements; and internal control over
financial reporting. The Audit Committee reviews with the auditors any relationships that may affect their
objectivity and independence. The Audit Committee also reviews with management, the internal auditors and the
independent registered public accounting firm the quality and adequacy of our internal control over financial
reporting, including compliance matters related to our code of conduct, and the results of internal and external
audits. The Audit Committee has reviewed and recommended that the audited consolidated financial statements
included in this report be included in the Form 10-K for filing with the Securities and Exchange Commission.
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