Pier 1 2014 Annual Report Download - page 58

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ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.
Item 9. Changes in and Disagreements with
Accountants on Accounting and Financial
Disclosure.
None.
Item 9A. Controls and Procedures.
EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES
The Company maintains disclosure controls and procedures, as defined in Rule 13a-15(e) under the Securities Exchange Act of
1934, as amended, (the “Exchange Act”), that are designed to ensure that information required to be disclosed by the Company
in its reports filed or furnished under the Exchange Act is (a) recorded, processed, summarized, and reported within the time
periods specified in the Securities and Exchange Commission’s rules and forms, and that such information is (b) accumulated
and communicated to the Company’s management, including the Chief Executive Officer and Chief Financial Officer, as
appropriate to allow timely decisions regarding the required disclosure.
As required by Rules 13a-15 and 15d-15 under the Exchange Act, an evaluation was conducted under the supervision and with
the participation of the Company’s management, including the Chief Executive Officer and Chief Financial Officer, of the
effectiveness of the design and operation of the Company’s disclosure controls and procedures as of March 1, 2014. Based on
this evaluation, the Chief Executive Officer and Chief Financial Officer have concluded, with reasonable assurance, that the
Company’s disclosure controls and procedures were effective as of such date.
REPORT OF MANAGEMENT ON INTERNAL CONTROL OVER FINANCIAL
REPORTING
Management is responsible for establishing and maintaining a system of internal control over financial reporting designed to provide
reasonable assurance that transactions are executed in accordance with management authorization and that such transactions are
properly recorded and reported in the financial statements, and that records are maintained so as to permit preparation of the
financial statements in accordance with U.S. generally accepted accounting principles. Because of its inherent limitations, internal
control over financial reporting may not prevent or detect misstatements. Management has assessed the effectiveness of the
Company’s internal control over financial reporting utilizing the criteria set forth by the Committee of Sponsoring Organizations of
the Treadway Commission in Internal Control–Integrated Framework (1992). Management concluded that based on its
assessment, Pier 1 Imports, Inc.’s internal control over financial reporting was effective as of March 1, 2014. Ernst & Young LLP,
an independent registered public accounting firm, has audited the Company’s internal control over financial reporting as of
March 1, 2014, as stated in their report which is included in this Annual Report on Form 10-K.
/s/ Alexander W. Smith
Alexander W. Smith
President and
Chief Executive Officer
/s/ Charles H. Turner
Charles H. Turner
Senior Executive Vice President and
Chief Financial Officer
54 PIER 1 IMPORTS, INC. 2014 Form 10-K