LeapFrog 2010 Annual Report Download - page 88

ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE
None.
ITEM 9A. CONTROLS AND PROCEDURES
Attached as exhibits to this Form 10-K are certifications of our CEO and the CFO required by Rule 13a-14(a) of
the Securities Exchange Act of 1934 or the Rule 13a-14(a) Certifications. This Controls and Procedures section
of the annual report on Form 10-K includes the information concerning the controls evaluation referred to in
Rule 13a-14(a) Certifications.
Evaluation of Disclosure Controls and Procedures
We have evaluated the effectiveness of the design and operation of our disclosure controls and procedures as of
the end of the period covered by this annual report on Form 10-K. This controls evaluation was performed under
the supervision and with the participation of management, including our CEO, and CFO. Disclosure controls are
controls and procedures designed to reasonably assure that information required to be disclosed or submitted in
our reports filed under the Exchange Act, such as this Form 10-K, are recorded, processed, summarized and
reported within the time periods specified in the United States Securities and Exchange Commission’s rules and
forms. Disclosure controls are also designed to reasonably assure that such information is accumulated and
communicated to our management, including our CEO and CFO, as appropriate to allow timely decisions
regarding required disclosure.
The evaluation of our disclosure controls and procedures included a review of the controls’ objectives and
design, our implementation of the controls and the effect of the controls on the information generated for use in
our reports. In the course of the controls evaluation, we reviewed and identified data errors and control problems
and sought to confirm that appropriate corrective actions, including process improvements, were undertaken.
This type of evaluation is performed on a quarterly basis so that the conclusions of management, including our
CEO and CFO, concerning the effectiveness of the disclosure controls and procedures can be reported in our
periodic reports filed with the Securities and Exchange Commission on Forms 10-Q, 10-K, and others as may be
required from time to time.
Based upon the controls evaluation, our CEO and CFO have concluded that our disclosure controls and
procedures were effective as of December 31, 2010.
Management’s Report on Internal Control over Financial Reporting
Our management is responsible for establishing and maintaining adequate internal control over financial
reporting. Internal control over financial reporting is a process designed by, or under the supervision of, our CEO
and CFO, and effected by our board of directors, management and other personnel, 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 and includes those policies and procedures
that:
• Pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the
transactions and dispositions of the assets of our company.
• 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.
• Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use
or disposition of our assets that could have a material effect on our financial statements.
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