Supercuts 2007 Annual Report Download - page 113

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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 that are designed to ensure that information required to be disclosed in its
Exchange Act reports is 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 accumulated and communicated to management, including the chief executive
officer and chief financial officer, as appropriate, to allow timely decisions regarding required disclosure. Management necessarily applied its
judgment in assessing the costs and benefits of such controls and procedures, which, by their nature, can provide only reasonable assurance
regarding management’s control objectives.
With the participation of management, the Company’s chief executive officer and chief financial officer evaluated the effectiveness of the
design and operation of the Company’s disclosure controls and procedures at the conclusion of the period ended June 30, 2007. Based upon
this evaluation, the chief executive officer and chief financial officer concluded that the Company’s disclosure controls and procedures were
effective.
Because of inherent limitations, disclosure controls and procedures and internal control over financial reporting may not prevent or detect
misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate
because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.
Management’s Report on Internal Control over Financial Reporting
In Part II, Item 8 above, management provided a report on internal control over financial reporting, in which management concluded that
the Company’s internal control over financial reporting was effective as of June 30, 2007. In addition, PricewaterhouseCoopers LLP, the
Company’s independent registered public accounting firm, provided a report on the Company’s effectiveness of internal control over financial
reporting. The full text of management’s report and PricewaterhouseCooper’s report appears on pages 67 through 69 herein.
Changes in Internal Controls
There were no changes in the Company’s internal controls or, to the knowledge of management of the Company, in other factors that
could significantly affect internal controls over financial reporting that occurred during the Company’s most recent fiscal quarter based on the
Company’s most recent evaluation of its disclosure controls and procedures utilized to compile information included in this filing.
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