Starbucks 1999 Annual Report Download - page 30

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MANAGEMENT’S RESPONSIBILITY FOR FINANCIAL REPORTING
The management of Starbucks Corporation is responsible for the preparation and integrity of the
financial statements included in this Annual Report to Shareholders.The financial statements have
been prepared in conformity with generally accepted accounting principles and include amounts
based on management’s best judgment where necessary. Financial information included elsewhere
in this Annual Report is consistent with these financial statements.
Management maintains a system of internal controls and procedures designed to provide reasonable
assurance that transactions are executed in accordance with proper authorization, that transactions
are properly recorded in the Company’s records, that assets are safeguarded and that accountability
for assets is maintained. The concept of reasonable assurance is based on the recognition that
the cost of maintaining our system of internal accounting controls should not exceed benefits
expected to be derived from the system. Internal controls and procedures are periodically
reviewed and revised, when appropriate, due to changing circumstances and requirements.
Independent auditors are appointed by the Company’s Board of Directors and ratified by the
Company’s shareholders to audit the financial statements in accordance with generally accepted
auditing standards and to independently assess the fair presentation of the Company’s financial
position, results of operations and cash flows.Their report appears in this Annual Report.
The Audit Committee, all of whose members are outside directors, is responsible for monitoring
the Company’s accounting and reporting practices.The Audit Committee meets periodically with
management and the independent auditors to ensure that each is properly discharging its
responsibilities.The independent auditors have full and free access to the Committee without the
presence of management to discuss the results of their audits, the adequacy of internal accounting
controls and the quality of financial reporting.
     
chairman and president and executive vice president,
chief executive officer chief operating officer chief financial officer and
chief administrative officer
.  STARBUCKS COFFEE COMPANY
.  STARBUCKS COFFEE COMPANY