Microsoft 2006 Annual Report Download - page 39

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PAGE 38
MANAGEMENT’S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS (CONTINUED)
Statement of Management’s Responsibility for Financial Statements
Management is responsible for the preparation of the consolidated financial statements and related information that are
presented in this report. The consolidated financial statements, which include amounts based on management’s estimates and
judgments, have been prepared in conformity with accounting principles generally accepted in the United States of America.
The Company maintains accounting and internal control systems to provide reasonable assurance at reasonable cost that
assets are safeguarded against loss from unauthorized use or disposition, and that the financial records are reliable for
preparing financial statements and maintaining accountability for assets. These systems are augmented by written policies, an
organizational structure providing division of responsibilities, careful selection and training of qualified personnel and a program
of internal audits.
The Company engaged Deloitte & Touche LLP, independent auditors, to audit and render an opinion on the consolidated
financial statements and management’s report on its assessment and the effectiveness of internal control over financial
reporting in accordance with the standards of the Public Company Accounting Oversight Board (United States).
The Board of Directors, through its Audit Committee, consisting solely of independent directors of the Company, meets
periodically with management, internal auditors and our independent auditors to ensure that each is meeting its responsibilities
and to discuss matters concerning internal controls and financial reporting. Deloitte & Touche LLP and the internal auditors
each have full and free access to the Audit Committee.
Steven A. Ballmer
Chief Executive Officer
Christopher P. Liddell
Senior Vice President, Finance and
Administration; Chief Financial Officer
Frank H. Brod
Corporate Vice President, Finance and
Administration; Chief Accounting Officer