Sonic 2014 Annual Report Download - page 49

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Management’s Report on Internal Control Over Financial Reporting
The management of the Company is responsible for establishing and maintaining adequate internal control over financial
reporting. The Company’s internal control system was designed to provide reasonable assurance to the Company’s management
and Board of Directors regarding the preparation and fair presentation of published financial statements. All internal control
systems, no matter how well designed, have inherent limitations. Therefore, even those systems determined to be effective can
provide only reasonable assurance with respect to financial statement preparation and presentation.
The Company’s management assessed the effectiveness of the Company’s internal control over financial reporting as of
August 31, 2014. In making this assessment, it used the criteria set forth by the Committee of Sponsoring Organizations of the
Treadway Commission in
Internal Control - Integrated Framework - 1992
. Based on our assessment, we believe that, as of August
31, 2014, the Company’s internal control over financial reporting is effective based on those criteria.
The Company’s independent registered public accounting firm that audited the 2014 financial statements included in this
annual report has issued an attestation report on the Company’s internal control over financial reporting. The report appears on
the following page.
47