Office Depot 2012 Annual Report Download - page 46

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Item 9A. Controls and Procedures.
D
isclosure Controls and Procedures
Based on management’s evaluation which included the participation of the Company’s Chief Executive Officer (“CEO”), and Chie
f
Financial Officer (“CFO”), as of December 29, 2012, the Company’s CEO and CFO concluded that the Company’s disclosure
controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (“the
Act”)), were effective to provide reasonable assurance that information required to be disclosed by the Company in reports that the
Company files or submits under the Act is recorded, processed, summarized and reported within the time periods specified in SEC
rules and forms and that such information is accumulated and communicated to the Company’s management, including the CEO and
CFO, to allow timely decisions regarding required disclosures.
Changes in Internal Controls
There have been no changes in the Company’s internal control over financial reporting that occurred during the Company’s most
recent fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Company’s internal control ove
r
financial reporting.
M
anagement’s Report on Internal Control Over Financial Reporting
Management of Office Depot is responsible for establishing and maintaining adequate internal control over financial reporting as
defined in Rule 13a-15(f) under the Act. Our Internal Control structure is designed to provide reasonable assurance to ou
r
management and the Board of Directors regarding the reliability of financial reporting and the preparation and fair presentation o
f
published 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.
In evaluating our Internal Control, we used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway
Commission (COSO) in Internal Control — Integrated Framework. Based on our assessment, management has concluded that the
Company’s internal control over financial reporting was effective as of December 29, 2012.
Our internal control over financial reporting as of December 29, 2012, has been audited by Deloitte & Touche LLP, an independent
registered public accounting firm, as stated in their report provided below.
44