Cabela's 2006 Annual Report Download - page 98

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94
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE
None.
ITEM 9A. CONTROLS AND PROCEDURES
We maintain disclosure controls and procedures (as defined in Rule 13a-15(e) under the Securities Exchange Act
of 1934 (the “Exchange Act”)) designed to ensure that information required to be disclosed in reports filed under the
Exchange Act is recorded, processed, summarized and reported within specified time periods. Disclosure controls
and procedures include, without limitation, controls and procedures designed to ensure that information required to
be disclosed by us in the reports that we file or submit under the Exchange Act is accumulated and communicated
to management, including our Chief Executive Officer and Chief Financial Officer, or persons performing similar
functions, as appropriate to allow timely decisions regarding required disclosure.
In connection with this annual report on Form 10-K, our Chief Executive Officer and Chief Financial Officer
evaluated, with the participation of our management, the effectiveness of our disclosure controls and procedures as
of the end of the period covered by this report. Based on management’s evaluation, our Chief Executive Officer and
Chief Financial Officer each concluded that our disclosure controls and procedures were effective as of December
30, 2006.
Management’s Report on Internal Control Over Financial Reporting
Our management is responsible for establishing and maintaining adequate internal control over financial
reporting for the company. Internal control over financial reporting is a process to provide reasonable assurance
regarding the reliability of our financial reporting for external purposes in accordance with accounting principles
generally accepted in the United States of America.
With the participation of our Chief Executive Officer and our Chief Financial Officer, management evaluated
the effectiveness of our internal control over financial reporting as of December 30, 2006 based on the criteria
established in Internal Control – Integrated Framework issued by the Committee of Sponsoring Organizations of
the Treadway Commission. Based on this evaluation, management concluded that our internal control over financial
reporting was effective as of December 30, 2006.
Deloitte & Touche LLP has audited this assessment of our internal control over financial reporting. Their
report is included in this Item 9A.
Changes in Internal Control Over Financial Reporting
During the fourth quarter of fiscal 2006 management completed its remediation plan designed to correct a
previously reported deficiency in internal control over financial reporting. Specifically, management implemented,
tested and concluded that controls designed to provide reasonable assurance of the proper presentation and disclosure
of short-term investments on our consolidated balance sheets and statements of cash flows were in place and operating
effectively at December 30, 2006.
There were no other changes in our internal control over financial reporting that occurred during the quarter
ended December 30, 2006 that materially affected, or are reasonably likely to materially affect, our internal control
over financial reporting.