THQ 2006 Annual Report Download - page 86

Download and view the complete annual report

Please find page 86 of the 2006 THQ annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 96

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96

78
ManagementReport on Internal Control Over Financial Reporting
We, as management of THQ Inc. and its subsidiaries (the “Company”), are responsible for establishing
and maintaining adequate internal controls over financial reporting. Pursuant to the rules and regulations
of the Securities and Exchange Commission, internal control over financial reporting is a process designed
by, or under the supervision of, the Company’s principal executive and principal financial officers, or
persons performing similar functions, and effected by the Company’s board of directors, management and
other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in accordance with generally accepted accounting
principles and includes those policies and procedures that:
Pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the
transactions and dispositions of the assets of the Company;
Provide reasonable assurance that transactions are recorded as necessary to permit preparation of
financial statements in accordance with generally accepted accounting principles, and that receipts
and expenditures of the Company are being made only in accordance with authorizations of
management and directors of the Company; and
Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition,
use or disposition of the Company’s assets that could have a material effect on the financial
statements.
Management has evaluated the effectiveness of its internal control over financial reporting as of March 31,
2006 based on the control criteria established in a report entitled Internal Control—Integrated Framework,
issued by the Committee of Sponsoring Organizations of the Treadway Commission. Based on such
evaluation, we have concluded that the Company’s internal control over financial reporting is effective as
of March 31, 2006.
The registered independent public accounting firm of Deloitte & Touche LLP, as auditors of the
Company’s consolidated financial statements, has issued an attestation report on management’s
assessment of the Company’s internal control over financial reporting.
/s/ BRIAN J. FARRELL/s/ E DWARD K. ZINSER
Brian J. Farrell
Chairman of the Board, President and
Chief Executive Officer
June 7, 2006
Edward K. Zinser
Executive Vice President,
Chief Financial Officer and Chief Accounting Officer
June 7, 2006