This excerpt taken from the SOHU 10-Q filed Nov 7, 2008.
We controlled our credit risk related with the customers by various measures, primarily including requirement of up-front payment, limitation on the credit amount granted and continuous monitoring of the settlement pattern, after taking into account of the assessment of credit worthiness of these customers. Credit risk associated with bank deposits is addressed by taking a highly selective approach in choosing banks where deposit is placed.
Our chief executive officer and chief financial officer, after evaluating the effectiveness of our disclosure controls and procedures (as defined in the Securities Exchange Act of 1934 Rules 13a-15(e) and 15d-15(e)) as of the end of the period covered by this quarterly report (the Evaluation Date), have concluded that as of the Evaluation Date our disclosure controls and procedures were effective and designed to ensure that all material information relating to Sohu required to be included in our reports filed or submitted under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities and Exchange Commission and to ensure that information required to be disclosed is accumulated and communicated to our management, including our principal executive and financial officers, as appropriate to allow timely decisions regarding required disclosure.
During the period covered by this quarterly report, there were no changes in our internal control over financial reporting that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.