HCSG » Topics » Managements Annual Report on Internal Control Over Financial Reporting

These excerpts taken from the HCSG 10-K filed Feb 20, 2009.
Management’s Annual Report on Internal Control Over Financial Reporting
 
The management of Healthcare Services Group, Inc. (“Healthcare” or the “Company”), is responsible for establishing and maintaining adequate internal control over financial reporting. The Company’s internal control over financial reporting is defined in Rule 13a-15(f) and 15d-15(f) promulgated under the Securities Exchange Act of 1934 as a process designed by, or under the supervision of, the Company’s principal executive and principal financial officers and effected by the Company’s board of directors, management and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of the Company’s financial statements for external purposes in accordance with generally accepted accounting principles in the United States and includes those policies and procedures that:
 
1. Pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of assets of the Company;
 
2. Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the Company are being made only in accordance with authorizations of management and directors of the company; and
 
3. Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the Company’s assets that could have a material effect on the financial statements.
 
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, the Company’s management used the criteria set forth in Internal Control — Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission.
 
Under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, we conducted an evaluation of our internal control over financial reporting, as prescribed above, for the period covered by this report. Based on our evaluation, our principal executive officer and principal financial officer concluded that the Company’s internal control over financial reporting as of December 31, 2008 is effective as a whole.
 
Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. 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.
 
The Company’s independent auditors have audited, and reported on, the Company’s internal control over financial reporting as of December 31, 2008. This report appears on page 37.
 
     
     
Signatures   Signatures
Daniel P. McCartney   Richard W. Hudson
Chief Executive Officer
  Chief Financial Officer
February 16, 2009
  February 16, 2009


36


 

 
Management’s
Annual Report on Internal Control Over Financial
Reporting



 



The management of Healthcare Services Group, Inc.
(“Healthcare” or the “Company”), is
responsible for establishing and maintaining adequate internal
control over financial reporting. The Company’s internal
control over financial reporting is defined in Rule
13a-15(f)
and
15d-15(f)
promulgated under the Securities Exchange Act of 1934 as a
process designed by, or under the supervision of, the
Company’s principal executive and principal financial
officers and effected by the Company’s board of directors,
management and other personnel, to provide reasonable assurance
regarding the reliability of financial reporting and the
preparation of the Company’s financial statements for
external purposes in accordance with generally accepted
accounting principles in the United States and includes those
policies and procedures that:


 



1. Pertain to the maintenance of records that in reasonable
detail accurately and fairly reflect the transactions and
dispositions of assets of the Company;


 



2. Provide reasonable assurance that transactions are
recorded as necessary to permit preparation of financial
statements in accordance with generally accepted accounting
principles, and that receipts and expenditures of the Company
are being made only in accordance with authorizations of
management and directors of the company; and


 



3. Provide reasonable assurance regarding prevention or
timely detection of unauthorized acquisition, use or disposition
of the Company’s assets that could have a material effect
on the financial statements.


 



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, the
Company’s management used the criteria set forth in
Internal Control — Integrated Framework issued by
the Committee of Sponsoring Organizations of the Treadway
Commission.


 



Under the supervision and with the participation of our
management, including our principal executive officer and
principal financial officer, we conducted an evaluation of our
internal control over financial reporting, as prescribed above,
for the period covered by this report. Based on our evaluation,
our principal executive officer and principal financial officer
concluded that the Company’s internal control over
financial reporting as of December 31, 2008 is effective as
a whole.


 



Because of its inherent limitations, internal control over
financial reporting may not prevent or detect misstatements.
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.


 



The Company’s independent auditors have audited, and
reported on, the Company’s internal control over financial
reporting as of December 31, 2008. This report appears on
page 37.


 



































     

 

 

 

Signatures

 

Signatures

Daniel P. McCartney

 

Richard W. Hudson


Chief Executive Officer


 

Chief Financial Officer


February 16, 2009


 

February 16, 2009









36





 





 




Management’s
Annual Report on Internal Control Over Financial
Reporting



 



The management of Healthcare Services Group, Inc.
(“Healthcare” or the “Company”), is
responsible for establishing and maintaining adequate internal
control over financial reporting. The Company’s internal
control over financial reporting is defined in Rule
13a-15(f)
and
15d-15(f)
promulgated under the Securities Exchange Act of 1934 as a
process designed by, or under the supervision of, the
Company’s principal executive and principal financial
officers and effected by the Company’s board of directors,
management and other personnel, to provide reasonable assurance
regarding the reliability of financial reporting and the
preparation of the Company’s financial statements for
external purposes in accordance with generally accepted
accounting principles in the United States and includes those
policies and procedures that:


 



1. Pertain to the maintenance of records that in reasonable
detail accurately and fairly reflect the transactions and
dispositions of assets of the Company;


 



2. Provide reasonable assurance that transactions are
recorded as necessary to permit preparation of financial
statements in accordance with generally accepted accounting
principles, and that receipts and expenditures of the Company
are being made only in accordance with authorizations of
management and directors of the company; and


 



3. Provide reasonable assurance regarding prevention or
timely detection of unauthorized acquisition, use or disposition
of the Company’s assets that could have a material effect
on the financial statements.


 



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, the
Company’s management used the criteria set forth in
Internal Control — Integrated Framework issued by
the Committee of Sponsoring Organizations of the Treadway
Commission.


 



Under the supervision and with the participation of our
management, including our principal executive officer and
principal financial officer, we conducted an evaluation of our
internal control over financial reporting, as prescribed above,
for the period covered by this report. Based on our evaluation,
our principal executive officer and principal financial officer
concluded that the Company’s internal control over
financial reporting as of December 31, 2008 is effective as
a whole.


 



Because of its inherent limitations, internal control over
financial reporting may not prevent or detect misstatements.
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.


 



The Company’s independent auditors have audited, and
reported on, the Company’s internal control over financial
reporting as of December 31, 2008. This report appears on
page 37.


 



































     

 

 

 

Signatures

 

Signatures

Daniel P. McCartney

 

Richard W. Hudson


Chief Executive Officer


 

Chief Financial Officer


February 16, 2009


 

February 16, 2009









36





 





 




Management’s
Annual Report on Internal Control Over Financial
Reporting



 



The management of Healthcare Services Group, Inc.
(“Healthcare” or the “Company”), is
responsible for establishing and maintaining adequate internal
control over financial reporting. The Company’s internal
control over financial reporting is defined in Rule
13a-15(f)
and
15d-15(f)
promulgated under the Securities Exchange Act of 1934 as a
process designed by, or under the supervision of, the
Company’s principal executive and principal financial
officers and effected by the Company’s board of directors,
management and other personnel, to provide reasonable assurance
regarding the reliability of financial reporting and the
preparation of the Company’s financial statements for
external purposes in accordance with generally accepted
accounting principles in the United States and includes those
policies and procedures that:


 



1. Pertain to the maintenance of records that in reasonable
detail accurately and fairly reflect the transactions and
dispositions of assets of the Company;


 



2. Provide reasonable assurance that transactions are
recorded as necessary to permit preparation of financial
statements in accordance with generally accepted accounting
principles, and that receipts and expenditures of the Company
are being made only in accordance with authorizations of
management and directors of the company; and


 



3. Provide reasonable assurance regarding prevention or
timely detection of unauthorized acquisition, use or disposition
of the Company’s assets that could have a material effect
on the financial statements.


 



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, the
Company’s management used the criteria set forth in
Internal Control — Integrated Framework issued by
the Committee of Sponsoring Organizations of the Treadway
Commission.


 



Under the supervision and with the participation of our
management, including our principal executive officer and
principal financial officer, we conducted an evaluation of our
internal control over financial reporting, as prescribed above,
for the period covered by this report. Based on our evaluation,
our principal executive officer and principal financial officer
concluded that the Company’s internal control over
financial reporting as of December 31, 2008 is effective as
a whole.


 



Because of its inherent limitations, internal control over
financial reporting may not prevent or detect misstatements.
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.


 



The Company’s independent auditors have audited, and
reported on, the Company’s internal control over financial
reporting as of December 31, 2008. This report appears on
page 37.


 



































     

 

 

 

Signatures

 

Signatures

Daniel P. McCartney

 

Richard W. Hudson


Chief Executive Officer


 

Chief Financial Officer


February 16, 2009


 

February 16, 2009









36





 



Management’s Annual Report on Internal Control Over Financial Reporting
 
The management of Healthcare Services Group, Inc. (“Healthcare” or the “Company”), is responsible for establishing and maintaining adequate internal control over financial reporting. The Company’s internal control over financial reporting is defined in Rule 13a-15(f) and 15d-15(f) promulgated under the Securities Exchange Act of 1934 as a process designed by, or under the supervision of, the Company’s principal executive and principal financial officers and effected by the Company’s board of directors, management and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of the Company’s financial statements for external purposes in accordance with generally accepted accounting principles in the United States and includes those policies and procedures that:
 
1. Pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of assets of the Company;
 
2. Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the Company are being made only in accordance with authorizations of management and directors of the company; and
 
3. Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the Company’s assets that could have a material effect on the financial statements.
 
The Company’s management assessed the effectiveness of the Company’s internal control over financial reporting as of December 31, 2007. In making this assessment, the Company’s management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission in Internal Control-Integrated Framework.
 
Under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, we conducted an evaluation of our internal control over financial reporting, as prescribed above, for the period covered by this report. Based on our evaluation, our principal executive officer and principal financial officer concluded that the Company’s internal control over financial reporting as of December 31, 2007 is effective as a whole.
 
Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. 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.
 
The Company’s independent auditors have audited, and reported on, the company’s internal control over financial reporting as of December 31, 2007. This report appears on page 31.
 
     
     
Signatures   Signatures
Daniel P. McCartney
Chief Executive Officer
February 12, 2008
  Richard W. Hudson
Chief Financial Officer
February 12, 2008


30


Table of Contents

 
Management’s
Annual Report on Internal Control Over Financial
Reporting



 



The management of Healthcare Services Group, Inc.
(“Healthcare” or the “Company”), is
responsible for establishing and maintaining adequate internal
control over financial reporting. The Company’s internal
control over financial reporting is defined in
Rule 13a-15(f)
and
15d-15(f)
promulgated under the Securities Exchange Act of 1934 as a
process designed by, or under the supervision of, the
Company’s principal executive and principal financial
officers and effected by the Company’s board of directors,
management and other personnel, to provide reasonable assurance
regarding the reliability of financial reporting and the
preparation of the Company’s financial statements for
external purposes in accordance with generally accepted
accounting principles in the United States and includes those
policies and procedures that:


 



1. Pertain to the maintenance of records that in reasonable
detail accurately and fairly reflect the transactions and
dispositions of assets of the Company;


 



2. Provide reasonable assurance that transactions are
recorded as necessary to permit preparation of financial
statements in accordance with generally accepted accounting
principles, and that receipts and expenditures of the Company
are being made only in accordance with authorizations of
management and directors of the company; and


 



3. Provide reasonable assurance regarding prevention or
timely detection of unauthorized acquisition, use or disposition
of the Company’s assets that could have a material effect
on the financial statements.


 



The Company’s management assessed the effectiveness of the
Company’s internal control over financial reporting as of
December 31, 2007. In making this assessment, the
Company’s management used the criteria set forth by the
Committee of Sponsoring Organizations of the Treadway Commission
in Internal Control-Integrated Framework.


 



Under the supervision and with the participation of our
management, including our principal executive officer and
principal financial officer, we conducted an evaluation of our
internal control over financial reporting, as prescribed above,
for the period covered by this report. Based on our evaluation,
our principal executive officer and principal financial officer
concluded that the Company’s internal control over
financial reporting as of December 31, 2007 is effective as
a whole.


 



Because of its inherent limitations, internal control over
financial reporting may not prevent or detect misstatements.
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.


 



The Company’s independent auditors have audited, and
reported on, the company’s internal control over financial
reporting as of December 31, 2007. This report appears on
page 31.


 

























     

 

 

 

Signatures

 

Signatures

Daniel P. McCartney

Chief Executive Officer

February 12, 2008

 

Richard W. Hudson

Chief Financial Officer

February 12, 2008









30





Table of Contents



Management’s Annual Report on Internal Control Over Financial Reporting
 
The management of Healthcare Services Group, Inc. (“Healthcare” or the “Company”), is responsible for establishing and maintaining adequate internal control over financial reporting. The Company’s internal control over financial reporting is defined in Rule 13a-15(f) and 15d-15(f) promulgated under the Securities Exchange Act of 1934 as a process designed by, or under the supervision of, the Company’s principal executive and principal financial officers and effected by the Company’s board of directors, management and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of The Company’s financial statements for external purposes in accordance with generally accepted accounting principles in the United States and includes those policies and procedures that:
 
1. Pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of assets of the Company;
 
2. Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the Company are being made only in accordance with authorizations of management and directors of the company; and
 
3. Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the Company’s assets that could have a material effect on the financial statements.
 
The Company’s management assessed the effectiveness of the Company’s internal control over financial reporting as of the end of December 31, 2006. In making this assessment, the Company’s management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission in Internal Control-Integrated Framework.
 
Under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, we conducted an evaluation of our internal control over financial reporting, as prescribed above, for the periods covered by this report. Based on our evaluation, our principal executive officer and principal financial officer concluded that the Company’s internal control over financial reporting as of December 31, 2006 is effective as a whole. Our review excluded an assessment of the effectiveness of the internal controls over financial reporting of Summit Services Group, Inc. (“Summit”), a company we acquired in September, 2006. Since the acquisition took place during the later part of 2006, as well as the fact that the operations of Summit were fully integrated into Healthcare as of January 1, 2007, Healthcare is not required to include the business of Summit in its assessment of the effectiveness of internal controls over financial reporting as of December 31, 2006.
 
Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. 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.
 
The Company’s independent auditors have attested to, and reported on, management’s evaluation of the company’s internal control over financial reporting as of December 31, 2006. This report appears on page 29.
 
     
     
Signatures   (Signature)
Daniel P. McCartney
Chief Executive Officer
February 13, 2007
  James L. DiStefano
Chief Financial Officer
February 13, 2007


29


Table of Contents

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki