Overstock.com 2009 Annual Report Download - page 87
Download and view the complete annual report
Please find page 87 of the 2009 Overstock.com annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77 -
78 -
79 -
80 -
81 -
82 -
83 -
84 -
85 -
86 -
87 -
88 -
89 -
90 -
91 -
92 -
93 -
94 -
95 -
96 -
97 -
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
 |
 |
Table of Contents
(e) Changes in Internal Control Over Financial Reporting
There were no changes in our internal control over financial reporting that occurred during the fourth quarter that have materially affected, or are
reasonably likely to materially affect, our internal control over financial reporting.
As of December 31, 2009, we had not remediated the material weaknesses. We have done and/or initiated the following actions subsequent to
December 31, 2009:
We have and are continuing to hire additional accounting professionals with the necessary knowledge and experience to properly account for
significant transactions.
We have reorganized our accounting and financial reporting department to improve supervisory review.
We are hiring additional experienced and qualified professionals for our internal audit department.
We have reorganized our supply chain department to provide comprehensive oversight over our returns process and partner billing accuracy.
We are reviewing the systems and controls in place to appropriately capture amounts to be paid to fulfillment partners or deducted from partner
payments.
We are enhancing our information systems testing to improve the completeness and accuracy of data provided by our information systems.
We have engaged a consulting firm to evaluate our information systems for improvement opportunities.
ITEM 9B. OTHER INFORMATION
None.
84
•
•
•
•
•
•
•