US Postal Service 2009 Annual Report Download - page 61

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2009 Annual Report United States Postal Service | 59
Management is responsible for the preparation, integrity
and fair presentation of the fi nancial statements of the
Postal Service.
DISCLOSURE CONTROLS
We maintain disclosure controls and procedures that are
designed to ensure that information required to be dis-
closed in quarterly and annual reports is recorded, pro-
cessed, summarized and reported within the time frames
specifi ed by P.L. 109-435, and that this information is ac-
cumulated and communicated to management, includ-
ing the Postmaster General and Chief Financial Offi cer, as
appropriate, to allow timely decisions regarding required
disclosure. In designing and evaluating the disclosure con-
trols 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-benefi t relationship of
possible controls and procedures.
We carried out an evaluation, under the supervision and
with the participation of management, including the Post-
master General and Chief Financial Offi cer, of the effective-
ness of the design and operation of disclosure controls
and procedures as of September 30, 2009. Based on the
foregoing, the Postmaster General and Chief Financial Of-
fi cer concluded that our disclosure controls and proce-
dures were effective at the reasonable assurance level as
of September 30, 2009.
INTERNAL CONTROLS
There have been no changes during the year covered by
this report in our internal control over fi nancial reporting or
in other factors that have materially affected, or are rea-
sonably likely to materially affect, our internal control over
fi nancial reporting.
CONTROLS AND PROCEDURES