Medtronic 2009 Annual Report Download - page 51

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47
Medtronic, Inc.
Management’s Report on the
Financial Statements
The management of Medtronic, Inc. is responsible for the integrity
of the financial information presented in this Annual Report.
The consolidated financial statements have been prepared in
accordance with accounting principles generally accepted in the
United States of America. Where necessary, and as discussed
under Critical Accounting Estimates on pages 19–21, the
consolidated financial statements reflect estimates based on
management’s judgment.
The consolidated financial statements have been audited by
PricewaterhouseCoopers LLP, an independent registered public
accounting firm, who conducted their audit in accordance with
the standards of the Public Company Accounting Oversight Board
(United States). The independent registered public accounting
firm’s responsibility is to express an opinion that such financial
statements present fairly, in all material respects, our financial
position, results of operations and cash flows in accordance with
accounting principles generally accepted in the United States.
Management’s Report on Internal Control
over Financial Reporting
Management is responsible for establishing and maintaining
adequate internal control over financial reporting for the
Company. Management conducted an evaluation of the
effectiveness of internal control over financial reporting based
on the framework in Internal Control—Integrated Framework issued
by the Committee of Sponsoring Organizations of the Treadway
Commission (COSO). Based on this evaluation, management
concluded that the Company’s internal control over financial
reporting was effective as of April 24, 2009. Our internal control
over financial reporting as of April 24, 2009 has been audited by
PricewaterhouseCoopers LLP, an independent registered public
accounting firm, who has also audited our consolidated financial
statements.
William A. Hawkins
Chairman and Chief Executive Officer
Gary L. Ellis
Senior Vice President and Chief Financial Officer
Reports of Management