Office Depot 2008 Annual Report Download - page 48

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47
MANAGEMENT’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING
Management of Office Depot 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, the
company’s principal executive and principal financial officers and effected by the company’s 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 the 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 receipts and expenditures of
the company are being made only in accordance with authorizations of management and directors of the
company; and
• provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or
disposition of the company’s assets that could have a material effect on the financial statements.
Because of inherent limitations, internal control over financial reporting may not prevent or detect misstatements.
Projections of any evaluation of effectiveness to future periods are subject to the risks that controls may become
inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may
deteriorate.
Management assessed the effectiveness of the company’s internal control over financial reporting as of December
27, 2008. In making this assessment, management used the criteria set forth by the Committee of Sponsoring
Organizations of the Treadway Commission in Internal Control — Integrated Framework.
Based on our assessment, management believes that, as of December 27, 2008, the company’s internal control over
financial reporting is effective.
The company’s independent registered public accounting firm, Deloitte & Touche LLP, has issued a report on the
effectiveness of the company’s internal control over financial reporting. This report appears on the following page.
/s/ STEVE ODLAND
Steve Odland
Chairman, Board of Directors and
Chief Executive Officer
/s/ MICHAEL D. NEWMAN
Michael D. Newman
Executive Vice President and
Chief Financial Officer