US Postal Service 2007 Annual Report Download - page 34

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34 | 2007 Annual Report United States Postal Service
Financial Section Part II
Item 9A – Controls and procedures
Management is responsible for the preparation, integrity, and fair presenta-
tion of the financial statements of the Postal Service.
Disclosure Controls
We maintain disclosure controls and procedures that are designed to ensure
that information required to be disclosed in our quarterly and annual reports
is recorded, processed, summarized, and reported within the time frames
specified by P.L.109-435, and that this information is accumulated and
communicated to our management, including the Postmaster General and
Chief Financial Officer, as appropriate, to allow timely decisions regarding
required disclosure. In designing and evaluating the disclosure controls
and procedures, we recognize that any controls and procedures, no matter
how well designed and operated, can provide only reasonable assurance of
achieving the desired control objectives, and we were required to apply our
judgment in evaluating the cost-benefit relationship of possible controls and
procedures.
Internal Controls
There have been no significant changes during the year covered by this
report in our internal control over financial reporting or in other factors that
could significantly affect the internal control over financial reporting.
Item 9B – Other information
We were not required to file reports on Form 8-K during the fourth quarter
of the fiscal year ended September 30, 2007.