Medtronic 2012 Annual Report Download - page 139

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122
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
Not applicable.
Item 9A. Controls and Procedures
Disclosure Controls and Procedures
Our management, with the participation of our Chief Executive Officer and Chief Financial Officer,
has evaluated the effectiveness of the design and operation of our disclosure controls and procedures (as
defined in Rule 13a-15(e) under the Securities Exchange Act of 1934, as amended (the Exchange Act)) and
changes in the Company’s internal control over financial reporting (as defined in Rule 13a-15(f) under the
Exchange Act) as of the end of the period covered by this report. Based upon that evaluation, the Chief
Executive Officer and Chief Financial Officer have concluded that, as of the end of the period covered by
this annual report, our disclosure controls and procedures (as defined in Rule 13a-15(e) of the Exchange Act)
are effective.
Management’s Annual Report on Internal Control Over Financial Reporting
Management is responsible for establishing and maintaining adequate internal control over financial
reporting for the Company (as defined in Exchange Act Rule 13a-15(f)). 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 27, 2012. Our internal control over financial
reporting as of April 27, 2012, has been audited by PricewaterhouseCoopers LLP, an independent registered
public accounting firm who has also audited our consolidated financial statements, as stated in their report
in the section entitled “Report of Independent Registered Public Accounting Firm,” which expresses an
unqualified opinion on the effectiveness of the Company’s internal control over financial reporting as of
April 27, 2012, which is included in “Item 8. Financial Statements and Supplementary Data” in this Annual
Report on Form 10-K.
Changes in Internal Control over Financial Reporting
There have been no changes in the Company’s internal control over financial reporting during the
Company’s most recently completed 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.