Management’s
Responsibility for
Financial
Statements
Management is responsible for the preparation of the
Company’s consolidated financial statements and related
notes. We believe that the consolidated financial statements
present the Company’s financial position and results of
operations in conformity with accounting principles that are
generally accepted in the United States, using our best
estimates and judgments as required.
The independent registered public accounting firm audits the
Company’s consolidated financial statements in accordance
with the standards of the Public Company Accounting Oversight
Board and provides an objective, independent review of the
fairness of reported operating results and financial position.
The Board of Directors of the Company has an Audit Committee
composed of three
non-management
Directors. The Committee meets regularly with management,
internal auditors, and the independent registered public
accounting firm to review accounting, internal control, auditing
and financial reporting matters.
Formal policies and procedures, including an active Ethics and
Business Conduct program, support the internal controls and are
designed to ensure employees adhere to the highest standards of
personal and professional integrity. We have a vigorous internal
audit program that independently evaluates the adequacy and
effectiveness of these internal controls.
