THQ 2007 Annual Report Download - page 94

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86
Item 9. Changes in and DisagreementswithAccountantson Accountingand Financial Disclosure
None.
Item 9A. Controlsand Procedures
(a)Definition and limitations of disclosure controls. Ourdisclosure controls and procedures (as defined in
Rules13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange
Act”)) are controls and other procedures that are designed to ensure that information required to be
disclosed in ourreportsfiled underthe Exchange Act, suchas this report, is recorded, processed,
summarized and reported within thetime periods specified in the Securities and Exchange Commission’s
rulesand forms. Disclosure controls andprocedures are also designed to ensure that such information is
accumulated and communicatedto our management, including the Chief Executive Officer and Chief
Financial Officer, as appropriate to allow timely decisions regarding required disclosure. Our management
evaluates thesecontrols andprocedures on an ongoing basisto determine if improvements or
modifications arenecessary.
There are inherent limitations to the effectiveness of any system of disclosure controls andprocedures.
These limitations include the possibility of human error, the circumvention or overriding of thecontrols
andprocedures and reasonable resource constraints. In addition, because we have designed oursystem of
controls based on certain assumptions, which we believearereasonable, about thelikelihood of future
events, oursystem of controls may not achieve its desired purposeunder all possiblefuture conditions.
Accordingly, our disclosure controls and proceduresprovide reasonable assurance, but not absolute
assurance, of achieving their objectives.
(b)Evaluation of disclosure controlsand procedures. Our Chief Executive Officer andChiefFinancial
Officer, after evaluating the effectiveness of our disclosure controls and procedures, believe that as of the
end of the period coveredby this report, our disclosure controls and procedures were effective in providing
the requisite reasonable assurance thatmaterial information required to be disclosed in the reports that we
file or submit under theExchange Actis recorded, processed, summarized andreported within thetime
periods specified in the SEC’s rules andforms, andis accumulated and communicatedto our management,
including our Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions
regarding required disclosure.
(c)Changes in internal control over financialreporting. There were no material changes in ourinternal
control over financial reportinginthe fourth quarter of fiscal 2007.