SanDisk 2011 Annual Report Download - page 121
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This is a TAB type table. Insert
conts here. Annual Report
and board of directors regarding the preparation and fair presentation of published financial statements. The
system of internal control over financial reporting provides for appropriate division of responsibility and is
documented by written policies and procedures that are communicated to employees. The framework upon which
management relied in evaluating the effectiveness of our internal control over financial reporting was set forth in
Internal Controls — Integrated Framework published by the Committee of Sponsoring Organizations of the
Treadway Commission.
Based on the results of our evaluation, our management concluded that our internal control over financial
reporting was effective at the reasonable assurance level as of January 1, 2012.
However, projections of any evaluation of effectiveness to future periods are subject to the risk that controls
may become inadequate because of changes in our business or other conditions, or that the degree of compliance
with our policies or procedures may deteriorate.
Our independent registered public accounting firm has audited the financial statements included in Part II,
Item 8 of this report and has issued an attestation report on our internal control over financial reporting which is
included at page F-3.
Inherent Limitations of Disclosure Controls and Procedures and Internal Control over Financial
Reporting. Any system of controls, however well designed and operated, can provide only reasonable, and not
absolute, assurance that the objectives of the system will be met. In addition, the design of any control system is
based in part upon certain assumptions about the likelihood of future events.
Changes in Internal Control over Financial Reporting. There were no changes in our internal control over
financial reporting (as defined in Exchange Act Rule 13a-15(f)) during the quarter ended January 1, 2012 that
have materially affected, or are reasonably likely to materially affect, our internal control over financial
reporting.
ITEM 9B. OTHER INFORMATION
Not applicable.
57