Safeway 2010 Annual Report Download - page 83

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SAFEWAY INC. AND SUBSIDIARIES
Item 9. Changes In and Disagreements With Accountants on Accounting and Financial Disclosure
Not applicable.
Item 9A. Controls and Procedures
The Company maintains “disclosure controls and procedures,” as such term is defined under Exchange Act Rule
13a-15(e), that are designed to ensure that information required to be disclosed in the Company’s Exchange Act reports
is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and that
such information is accumulated and communicated to the Company’s management, including its President and Chief
Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure. In
designing and evaluating the disclosure controls and procedures, the Company’s management recognized that any
controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving
the desired control objectives, and in reaching a reasonable level of assurance, the Company’s management necessarily
was required to apply its judgment in evaluating the cost-benefit relationship of possible controls and procedures. The
Company also has investments in certain unconsolidated entities, including Casa Ley, S.A. de C. V. As the Company does
not control or manage these entities, its disclosure controls and procedures with respect to such entities are necessarily
more limited than those it maintains with respect to its consolidated subsidiaries.
The Company has carried out an evaluation, under the supervision and with the participation of the Company’s
management, including the Company’s President and Chief Executive Officer along with the Company’s Chief Financial
Officer, of the effectiveness of the design and operation of the Company’s disclosure controls and procedures pursuant to
Exchange Act Rule 13a-15(b). Based upon the foregoing, as of the end of the period covered by this Annual Report on
Form 10-K, the Company’s President and Chief Executive Officer along with the Company’s Chief Financial Officer
concluded that the Company’s disclosure controls and procedures were effective at the reasonable assurance level. There
has been no change during the Company’s fiscal quarter ended January 1, 2011 in the Company’s internal control over
financial reporting that was identified in connection with the evaluation required by Exchange Act Rule 13a-15(d) which
has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.
Management of Safeway Inc. has prepared an annual report on internal control over financial reporting. The Company’s
independent registered public accounting firm has rendered an opinion on the Company’s internal control over financial
reporting. Management’s report, together with the opinion of the independent registered public accounting firm, is set
forth in Part II, Item 8 of this report.
Item 9B. Other Information
None.
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