Orbitz 2009 Annual Report Download - page 120

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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. A company’s internal control over financial reporting
includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail,
accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) 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 (3) 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 the inherent limitations of internal control over financial reporting, including the possibility of
collusion or improper management override of controls, material misstatements due to error or fraud may not
be prevented or detected on a timely basis. Also, projections of any evaluation of the effectiveness of the
internal control over financial reporting to future periods are subject to the risk that the controls may become
inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures
may deteriorate.
In our opinion, the Company maintained, in all material respects, effective internal control over financial
reporting as of December 31, 2008, based on the criteria established in Internal Control — Integrated
Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission.
We have also audited, in accordance with the standards of the Public Company Accounting Oversight
Board (United States), the consolidated financial statements and financial statement schedule of the Company
as of and for the year ended December 31, 2008 and our report dated March 9, 2009 expressed an unqualified
opinion on those financial statements and financial statement schedule.
/s/ DELOITTE &TOUCHE LLP
Chicago, Illinois
March 9, 2009
Item 9B. Other Information.
None.
PART III
Item 10. Directors, Executive Officers and Corporate Governance.
Certain information required by Item 401 of Regulation S-K will be included under the caption
“Proposal 1 — Election of Directors” in the 2009 Proxy Statement, and that information is incorporated by
reference herein. The information required by Item 405 of Regulation S-K will be included under the caption
“Corporate Governance — Section 16(a) Beneficial Ownership Reporting Compliance” in the 2009 Proxy
Statement, and that information is incorporated by reference herein.
The information required by Item 407(c)(3) of Regulation S-K will be included under the caption
“Corporate Governance — Director Selection Procedures,” and the information required under Items 407(d)(4)
and (d)(5) of Regulation S-K will be included under the caption “Corporate Governance — Committees of the
Board of Directors — Audit Committee” in the 2009 Proxy Statement, and that information is incorporated by
reference herein.
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