EBTC » Topics » Item 4 - Controls and Procedures

This excerpt taken from the EBTC 10-Q filed May 11, 2009.
Item 4 — Controls and Procedures

 

Evaluation of Disclosure Controls and Procedures

 

The Company maintains a set of disclosure controls and procedures and internal controls designed to ensure that the information required to be disclosed in reports that it files or submits to the United States Securities and Exchange commission (the “SEC”) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms.

 

The Company carried out an evaluation as of the end of the period covered by this report under the supervision and with the participation of the Company’s management, including its chief executive officer and chief financial officer, of the effectiveness of the design and operation of the Company’s disclosure controls and procedures pursuant to Exchange Act Rule 13a-15(b).  Based upon that evaluation, the Company’s chief executive officer and chief financial officer concluded that the Company’s disclosure controls and procedures are effective.

 

Changes in Internal Control over Financial Reporting

 

There has been no change in the Company’s internal control over financial reporting that has occurred during the Company’s most recent fiscal quarter (i.e., the three months ended March 31, 2009) that has materially affected, or is reasonably likely to materially affect, such internal controls.

 

PART II OTHER INFORMATION

 

These excerpts taken from the EBTC 10-K filed Mar 16, 2009.
Item 9A.         Controls and Procedures

 

Evaluation of Disclosure Controls and Procedures

 

The Company maintains a set of disclosure controls and procedures designed to ensure that the information required to be disclosed in reports that it files or submits to the SEC under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms.

 

The Company carried out an evaluation as of the end of the period covered by this report, under the supervision and with the participation of the Company’s management, including its chief executive officer and chief financial officer, of the effectiveness of the design and operation of the Company’s disclosure controls and procedures pursuant to Exchange Act Rule 13a-15(b).  Based upon that evaluation, the Company’s chief executive officer and chief financial officer concluded that the Company’s disclosure controls and procedures are effective.

 

Management’s Report on Internal Control Over Financial Reporting

 

The Company’s management is responsible for establishing and maintaining adequate internal control over financial reporting.  The Company’s internal control system was designed to provide reasonable assurance to the Company’s management and board of directors regarding the preparation and fair presentation of published financial statements.  All internal control systems, however, no matter how well designed, have inherent limitations and may not prevent or detect misstatement.  Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.  Therefore, even those systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation.

 

The Company’s management assessed the effectiveness of the Company’s internal control over financial reporting as of December 31, 2008.  In making this assessment, it used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission in “Internal Control-Integrated Framework.”  Based on management’s assessment, the Company believes that, as of December 31, 2008, the Company’s internal control over financial reporting is effective based on these criteria.

 

The Company’s independent registered public accounting firm has issued a report on the effectiveness of Company’s internal control over financial reporting, which appears on page 102 of this report.

 

Changes in Internal Control Over Financial Reporting

 

There has been no change in the Company’s internal control over financial reporting that has occurred during the Company’s most recent fiscal quarter (i.e., the three months ended December 31, 2008) that has materially affected, or is reasonably likely to materially affect, such internal controls.

 

Item 9A.         Controls and Procedures

 

Evaluation of Disclosure Controls and Procedures

 

The Company maintains a set of disclosure controls and procedures designed to ensure that the information required to be disclosed in reports that it files or submits to the SEC under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms.

 

The Company carried out an evaluation as of the end of the period covered by this report, under the supervision and with the participation of the Company’s management, including its chief executive officer and chief financial officer, of the effectiveness of the design and operation of the Company’s disclosure controls and procedures pursuant to Exchange Act Rule 13a-15(b).  Based upon that evaluation, the Company’s chief executive officer and chief financial officer concluded that the Company’s disclosure controls and procedures are effective.

 

Management’s Report on Internal Control Over Financial Reporting

 

The Company’s management is responsible for establishing and maintaining adequate internal control over financial reporting.  The Company’s internal control system was designed to provide reasonable assurance to the Company’s management and board of directors regarding the preparation and fair presentation of published financial statements.  All internal control systems, however, no matter how well designed, have inherent limitations and may not prevent or detect misstatement.  Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.  Therefore, even those systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation.

 

The Company’s management assessed the effectiveness of the Company’s internal control over financial reporting as of December 31, 2008.  In making this assessment, it used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission in “Internal Control-Integrated Framework.”  Based on management’s assessment, the Company believes that, as of December 31, 2008, the Company’s internal control over financial reporting is effective based on these criteria.

 

The Company’s independent registered public accounting firm has issued a report on the effectiveness of Company’s internal control over financial reporting, which appears on page 102 of this report.

 

Changes in Internal Control Over Financial Reporting

 

There has been no change in the Company’s internal control over financial reporting that has occurred during the Company’s most recent fiscal quarter (i.e., the three months ended December 31, 2008) that has materially affected, or is reasonably likely to materially affect, such internal controls.

 

Item 9A.         Controls
and Procedures



 



Evaluation
of Disclosure Controls and Procedures



 



The
Company maintains a set of disclosure controls and procedures designed to
ensure that the information required to be disclosed in reports that it files
or submits to the SEC under the Securities Exchange Act of 1934, as amended
(the “Exchange Act”), is recorded, processed, summarized and reported within
the time periods specified in the SEC’s rules and forms.



 



The
Company carried out an evaluation as of the end of the period covered by this
report, under the supervision and with the participation of the Company’s
management, including its chief executive officer and chief financial officer,
of the effectiveness of the design and operation of the Company’s disclosure
controls and procedures pursuant to Exchange Act Rule 13a-15(b).  Based upon that evaluation, the Company’s
chief executive officer and chief financial officer concluded that the Company’s
disclosure controls and procedures are effective.



 



Management’s Report on Internal Control Over Financial
Reporting



 



The
Company’s management is responsible for establishing and maintaining adequate
internal control over financial reporting. 
The Company’s internal control system was designed to provide reasonable
assurance to the Company’s management and board of directors regarding the
preparation and fair presentation of published financial statements.  All internal control systems, however, no
matter how well designed, have inherent limitations and may not prevent or detect
misstatement.  Also, projections of any
evaluation of effectiveness to future periods are subject to the risk that
controls may become inadequate because of changes in conditions, or that the
degree of compliance with the policies or procedures may deteriorate.  Therefore, even those systems determined to
be effective can provide only reasonable assurance with respect to financial
statement preparation and presentation.



 



The
Company’s management assessed the effectiveness of the Company’s internal
control over financial reporting as of December 31, 2008.  In making this assessment, it used the
criteria set forth by the Committee of Sponsoring Organizations of the Treadway
Commission in “Internal Control-Integrated Framework.”  Based on management’s assessment, the Company
believes that, as of December 31, 2008, the Company’s internal control
over financial reporting is effective based on these criteria.



 



The
Company’s independent registered public accounting firm has issued a report on
the effectiveness of Company’s internal control over financial reporting, which
appears on page 102 of this report.



 



Changes in Internal Control Over Financial Reporting



 



There has been no
change in the Company’s internal control over financial reporting that has
occurred during the Company’s most recent fiscal quarter (i.e., the three
months ended December 31, 2008) that has materially affected, or is
reasonably likely to materially affect, such internal controls.



 



Item 9A.         Controls
and Procedures



 



Evaluation
of Disclosure Controls and Procedures



 



The
Company maintains a set of disclosure controls and procedures designed to
ensure that the information required to be disclosed in reports that it files
or submits to the SEC under the Securities Exchange Act of 1934, as amended
(the “Exchange Act”), is recorded, processed, summarized and reported within
the time periods specified in the SEC’s rules and forms.



 



The
Company carried out an evaluation as of the end of the period covered by this
report, under the supervision and with the participation of the Company’s
management, including its chief executive officer and chief financial officer,
of the effectiveness of the design and operation of the Company’s disclosure
controls and procedures pursuant to Exchange Act Rule 13a-15(b).  Based upon that evaluation, the Company’s
chief executive officer and chief financial officer concluded that the Company’s
disclosure controls and procedures are effective.



 



Management’s Report on Internal Control Over Financial
Reporting



 



The
Company’s management is responsible for establishing and maintaining adequate
internal control over financial reporting. 
The Company’s internal control system was designed to provide reasonable
assurance to the Company’s management and board of directors regarding the
preparation and fair presentation of published financial statements.  All internal control systems, however, no
matter how well designed, have inherent limitations and may not prevent or detect
misstatement.  Also, projections of any
evaluation of effectiveness to future periods are subject to the risk that
controls may become inadequate because of changes in conditions, or that the
degree of compliance with the policies or procedures may deteriorate.  Therefore, even those systems determined to
be effective can provide only reasonable assurance with respect to financial
statement preparation and presentation.



 



The
Company’s management assessed the effectiveness of the Company’s internal
control over financial reporting as of December 31, 2008.  In making this assessment, it used the
criteria set forth by the Committee of Sponsoring Organizations of the Treadway
Commission in “Internal Control-Integrated Framework.”  Based on management’s assessment, the Company
believes that, as of December 31, 2008, the Company’s internal control
over financial reporting is effective based on these criteria.



 



The
Company’s independent registered public accounting firm has issued a report on
the effectiveness of Company’s internal control over financial reporting, which
appears on page 102 of this report.



 



Changes in Internal Control Over Financial Reporting



 



There has been no
change in the Company’s internal control over financial reporting that has
occurred during the Company’s most recent fiscal quarter (i.e., the three
months ended December 31, 2008) that has materially affected, or is
reasonably likely to materially affect, such internal controls.



 



This excerpt taken from the EBTC 10-Q filed Nov 10, 2008.
Item 4 – Controls and Procedures

 

Evaluation of Disclosure Controls and Procedures

 

The company maintains a set of disclosure controls and procedures and internal controls designed to ensure that the information required to be disclosed in reports that it files or submits to the United States Securities and Exchange commission (the “SEC”) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms.

 

The company carried out an evaluation as of the end of the period covered by this report under the supervision and with the participation of the company’s management, including its chief executive officer and chief financial officer, of the effectiveness of the design and operation of the company’s disclosure controls and procedures pursuant to Exchange Act Rule 13a-15(b).  Based upon that evaluation, the company’s chief executive officer and chief financial officer concluded that the company’s disclosure controls and procedures are effective.

 

Changes in Internal Control over Financial Reporting

 

There has been no change in the company’s internal control over financial reporting that has occurred during the company’s most recent fiscal quarter (i.e., the three months ended September 30, 2008) that has materially affected, or is reasonably likely to materially affect, such internal controls.

 

PART II OTHER INFORMATION

 

This excerpt taken from the EBTC 10-Q filed Aug 11, 2008.

Item 4 – Controls and Procedures

 

Evaluation of Disclosure Controls and Procedures

 

The company maintains a set of disclosure controls and procedures and internal controls designed to ensure that the information required to be disclosed in reports that it files or submits to the United States Securities and Exchange commission (the “SEC”) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms.

 

The company carried out an evaluation as of the end of the period covered by this report under the supervision and with the participation of the company’s management, including its chief executive officer and chief financial officer, of the effectiveness of the design and operation of the company’s disclosure controls and procedures pursuant to Exchange Act Rule 13a-15(b).  Based upon that evaluation, the company’s chief executive officer and chief financial officer concluded that the company’s disclosure controls and procedures are effective.

 

Changes in Internal Control over Financial Reporting

 

There has been no change in the company’s internal control over financial reporting that has occurred during the company’s most recent fiscal quarter (i.e., the three months ended June 30, 2008) that has materially affected, or is reasonably likely to materially affect, such internal controls.

 

33



Table of Contents

 

PART II OTHER INFORMATION

 

This excerpt taken from the EBTC 10-Q filed May 12, 2008.

Item 4 — Controls and Procedures

 

Evaluation of Disclosure Controls and Procedures

 

The company maintains a set of disclosure controls and procedures and internal controls designed to ensure that the information required to be disclosed in reports that it files or submits to the United States Securities and Exchange commission (the “SEC”) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms.

 

The company carried out an evaluation as of the end of the period covered by this report under the supervision and with the participation of the company’s management, including its chief executive officer and chief financial officer, of the effectiveness of the design and operation of the company’s disclosure controls and procedures pursuant to Exchange Act Rule 13a-15(b). Based upon that evaluation, the company’s chief executive officer and chief financial officer concluded that the company’s disclosure controls and procedures are effective.

 

Changes in Internal Control over Financial Reporting

 

There has been no change in the company’s internal control over financial reporting that has occurred during the company’s most recent fiscal quarter (i.e., the three months ended March 31, 2008) that has materially affected, or is reasonably likely to materially affect, such internal controls.

 

28



 

PART II OTHER INFORMATION

 

This excerpt taken from the EBTC 10-Q filed Aug 8, 2007.

Item 4 – Controls and Procedures

Evaluation of Disclosure Controls and Procedures

The company maintains a set of disclosure controls and procedures and internal controls designed to ensure that the information required to be disclosed in reports that it files or submits to the United States Securities and Exchange commission (the “SEC”) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms.

The company carried out an evaluation as of the end of the period covered by this report, under the supervision and with the participation of the company’s management, including its chief executive officer and chief financial officer, of the effectiveness of the design and operation of the company’s disclosure controls and procedures pursuant to Exchange Act Rule 13a-15(b).  Based upon that evaluation, the company’s chief executive officer and chief financial officer concluded that the company’s disclosure controls and procedures are effective.

Changes in Internal Control over Financial Reporting

There has been no change in the company’s internal control over financial reporting that has occurred during the company’s most recent fiscal quarter (i.e., the three months ended June 30, 2007) that has materially affected, or is reasonably likely to materially affect, such internal controls.

PART II OTHER INFORMATION

This excerpt taken from the EBTC 10-Q filed May 10, 2007.

Item 4 – Controls and Procedures

Evaluation of Disclosure Controls and Procedures

The company maintains a set of disclosure controls and procedures and internal controls designed to ensure that the information required to be disclosed in reports that it files or submits to the United States Securities and Exchange commission (the “SEC”) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms.

The company carried out an evaluation as of the end of the period covered by this report, under the supervision and with the participation of the company’s management, including its chief executive officer and chief financial officer, of the effectiveness of the design and operation of the company’s disclosure controls and procedures pursuant to Exchange Act Rule

24




13a-15(b).  Based upon that evaluation, the company’s chief executive officer and chief financial officer concluded that the company’s disclosure controls and procedures are effective.

Changes in Internal Control over Financial Reporting

There has been no change in the company’s internal control over financial reporting that has occurred during the company’s most recent fiscal quarter (i.e., the three months ended March 31, 2007) that has materially affected, or is reasonably likely to materially affect, such internal controls.

PART II OTHER INFORMATION

This excerpt taken from the EBTC 10-Q filed Nov 9, 2006.

Item 4 – Controls and Procedures

Evaluation of Disclosure Controls and Procedures

The company maintains a set of disclosure controls and procedures and internal controls designed to ensure that the information required to be disclosed in reports that it files or submits to the SEC under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms.

The company carried out an evaluation as of the end of the period covered by this report, under the supervision and with the participation of the company’s management, including its chief executive officer and chief financial officer, of the effectiveness of the design and operation of the company’s disclosure controls and procedures pursuant to Exchange Act Rule 13a-15(b).  Based upon that evaluation, the company’s chief executive officer and chief financial officer concluded that the company’s disclosure controls and procedures are effective in timely alerting them to material information relating to the company (including its consolidated subsidiaries) required to be included in the company’s periodic SEC filings.

Changes in Internal Control over Financial Reporting

There has been no change in the company’s internal control over financial reporting that has occurred during the company’s most recent fiscal quarter (i.e., the three months ended September 30, 2006) that has materially affected, or is reasonably likely to materially affect, such internal controls.

30




 

PART II OTHER INFORMATION

This excerpt taken from the EBTC 10-Q filed Aug 9, 2006.

Item 4 – Controls and Procedures

 

Evaluation of Disclosure Controls and Procedures

 

The company maintains a set of disclosure controls and procedures and internal controls designed to ensure that the information required to be disclosed in reports that it files or submits to the SEC under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms.

 

The company carried out an evaluation as of the end of the period covered by this report, under the supervision and with the participation of the company’s management, including its chief executive officer and chief financial officer, of the effectiveness of the design and operation of the company’s disclosure controls and procedures pursuant to Exchange Act Rule 13a-15(b). Based upon that evaluation, the company’s chief executive officer and chief financial officer concluded that the company’s disclosure controls and procedures are effective in timely alerting them to material information relating to the company (including its consolidated subsidiaries) required to be included in the company’s periodic SEC filings.

 

27



 

Changes in Internal Control over Financial Reporting

 

There has been no change in the company’s internal control over financial reporting that has occurred during the company’s most recent fiscal quarter (i.e., the three months ended June 30, 2006) that has materially affected, or is reasonably likely to materially affect, such internal controls.

 

PART II OTHER INFORMATION

 

This excerpt taken from the EBTC 10-Q filed May 10, 2006.

Item 4 — Controls and Procedures

Evaluation of Disclosure Controls and Procedures

The company maintains a set of disclosure controls and procedures and internal controls designed to ensure that the information required to be disclosed in reports that it files or submits to the SEC under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms.

The company carried out an evaluation as of the end of the period covered by this report, under the supervision and with the participation of the company’s management, including its chief executive officer and chief financial officer, of the effectiveness of the design and operation of the company’s disclosure controls and procedures pursuant to Exchange Act Rule 13a-15(b). Based upon that evaluation, the company’s chief executive officer and chief financial officer concluded that the company’s disclosure controls and procedures are effective in timely alerting them to material information relating to the company (including its consolidated subsidiaries) required to be included in the company’s periodic SEC filings.

Changes in Internal Control over Financial Reporting

There has been no change in the company’s internal control over financial reporting that has occurred during the company’s most recent fiscal quarter (i.e., the three months ended March 31, 2006) that has materially affected, or is reasonably likely to materially affect, such internal controls.

24




 

PART II  OTHER INFORMATION

This excerpt taken from the EBTC 10-Q filed Nov 9, 2005.
Item 4 – Controls and Procedures

 

Evaluation of Disclosure Controls and Procedures

 

The company maintains a set of disclosure controls and procedures and internal controls designed to ensure that the information required to be disclosed in reports that it files or submits to the SEC under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms.

 

The company carried out an evaluation as of the end of the period covered by this report, under the supervision and with the participation of the company’s management, including its chief executive officer and chief financial officer, of the effectiveness of the design and operation of the company’s disclosure controls and procedures pursuant to Exchange Act Rule 13a-15(b).  Based upon that evaluation, the company’s chief executive officer and chief financial officer concluded that the company’s disclosure controls and procedures are effective.

 

Changes in Internal Control over Financial Reporting

 

There has been no change in the company’s internal control over financial reporting that has occurred during the company’s most recent fiscal quarter (i.e., the three months ended September 30, 2005) that has materially affected, or is reasonably likely to materially affect, such internal control over financial reporting.

 

27



 

PART II OTHER INFORMATION

 

This excerpt taken from the EBTC 10-Q filed Aug 9, 2005.
Item 4 – Controls and Procedures

 

Evaluation of Disclosure Controls and Procedures

 

The company maintains a set of disclosure controls and procedures and internal controls designed to ensure that the information required to be disclosed in reports that it files or submits to the SEC under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms.

 

The company carried out an evaluation as of the end of the period covered by this report, under the supervision and with the participation of the company’s management, including its chief executive officer and chief financial officer, of the effectiveness of the design and operation of the company’s disclosure controls and procedures pursuant to Exchange Act Rule 13a-15(b).  Based upon that evaluation, the company’s chief executive officer and chief financial officer concluded that the company’s disclosure controls and procedures are effective.

 

Changes in Internal Control over Financial Reporting

 

There has been no change in the company’s internal control over financial reporting that has occurred during the company’s most recent fiscal quarter (i.e., the three months ended June 30, 2005) that has materially affected, or is reasonably likely to materially affect, such internal control over financial reporting.

 

27



 

PART II OTHER INFORMATION

 

This excerpt taken from the EBTC 10-Q filed May 10, 2005.
Item 4 — Controls and Procedures

 

Evaluation of Disclosure Controls and Procedures

 

The company maintains a set of disclosure controls and procedures and internal controls designed to ensure that the information required to be disclosed in reports that it files or submits to the SEC under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms.

 

The company carried out an evaluation as of the end of the period covered by this report, under the supervision and with the participation of the company’s management, including its chief executive officer and chief financial officer, of the effectiveness of the design and operation of the company’s disclosure controls and procedures pursuant to Exchange Act Rule 13a-15(b).  Based upon that evaluation, the company’s chief executive officer and chief financial officer concluded that the company’s disclosure controls and procedures are effective in timely alerting them to material information relating to the company (including its consolidated subsidiaries) required to be included in the company’s periodic SEC filings.

 

Changes in Internal Control over Financial Reporting

 

There has been no change in the company’s internal control over financial reporting that has occurred during the company’s most recent fiscal quarter (i.e., the three months ended March 31, 2005) that has materially affected, or is reasonably likely to materially affect, such internal controls.

 

20



 

PART II  OTHER INFORMATION

 

 

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