Mattel 2001 Annual Report Download - page 96

Download and view the complete annual report

Please find page 96 of the 2001 Mattel annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 99

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99

Management is responsible for the preparation and integrity of Mattel’s consolidated financial statements and the
related financial and nonfinancial information appearing in this Annual Report on Form 10-K. The financial statements
have been prepared in accordance with accounting principles generally accepted in the United States of America and, in the
opinion of management, present fairly Mattel’s financial position, results of operations and cash flows. The financial
statements necessarily contain some amounts that are based on the best estimates and judgments of management.
Mattel maintains accounting and internal control systems that management believes are adequate to provide
reasonable assurance, in relation to reasonable cost, as to the integrity and reliability of the financial statements and as
to protection of assets from unauthorized use or disposition. The selection and training of qualified personnel, the
establishment and communication of accounting and administrative policies and procedures, and a program of internal audit
are important elements of these control systems.
Mattel’s internal auditors are directed to examine the adequacy and effectiveness of Mattel’s system of internal
accounting, administrative and operational controls. They conduct formal and systematic reviews to determine that
operations are adequately controlled and to assure that assets are effectively safeguarded.
The board of directors has appointed an audit committee, composed entirely of nonemployee directors. The
committee meets regularly with financial management, internal auditors and the independent accountants to review
accounting control, auditing and financial reporting matters.
PricewaterhouseCoopers LLP, independent accountants, has been retained to audit Mattel’s consolidated financial
statements. They conduct a review of internal accounting controls to the extent required by auditing standards generally
accepted in the United States of America and perform such tests and related procedures as they deem necessary to arrive at
an opinion on the fairness of the financial statements.
MANAGEMENT REPORT ON RESPONSIBILITY FOR FINANCIAL REPORTING
Robert A. Eckert
Chairman of the Board and
Chief Executive Officer
Kevin M. Farr
Chief Financial Officer
Douglas E. Kerner
Senior Vice President and
Corporate Controller