THQ 2010 Annual Report Download - page 88

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Item 9. Changes in and Disagreements with A ccountants on Accounting and Financial Di sclosure
None.
Item 9A . Controls and Procedures
Definition and limitations of disclosure controls and procedures. Our disclosure controls and procedures (as
defined in Rules 13a-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 our reports filed under the Exchange Act, such as this report, is recorded, processed,
summarized and reported within the time periods specified in the Securities and Exchange Commission’s
rules and forms. Disclosure controls and procedures are also designed to ensure that such information is
accumulated and communicated to our management, including the Chief Executive Officer and Chief
Financial Officer, as appropriate to allow timely decisions regarding required disclosure.
There are inherent limitations to the effectiveness of any system of disclosure controls and procedures.
These limitations include the possibility of human error, the circumvention or overriding of the controls and
procedures and reasonable resource constraints. In addition, because we have designed our disclosure
controls and procedures based on certain assumptions, which we believe are reasonable, about the
likelihood of future events, our disclosure controls and procedures may not achieve its desired purpose under
all possible future conditions. Accordingly, our disclosure controls and procedures provide reasonable
assurance, but not absolute assurance, of achieving their objectives.
Evaluation of disclosure controls and procedures. Our Chief Executive Officer and Chief Financial Officer,
after evaluating the effectiveness of our disclosure controls and procedures, have concluded that as of
April 3, 2010, our disclosure controls and procedures were effective in providing the requisite reasonable
assurance that information required to be disclosed in the reports that we file or submit under the Exchange
Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and
forms, and is accumulated and communicated to our management, including our Chief Executive Officer and
Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.
Changes in internal control over financial reporting. There were no changes in our internal control over
financial reporting that occurred during our fourth quarter of fiscal 2010 that have materially affected, or are
reasonably likely to materially affect, our internal control over financial reporting.
Management Report 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 control 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 conducted an assessment of the effectiveness of the Company’s internal control over
financial reporting as of April 3, 2010 based on the control criteria established in a report entitled Internal