This excerpt taken from the UTIW 10-K filed Apr 2, 2007.
ITEM 9A. Controls and Procedures
Managements Evaluation of Disclosure Controls and Procedures
As of January 31, 2007, the end of the period covered by this report, an evaluation was performed under the supervision and with the participation of the companys management, including the Chief Executive Officer and Chief Financial Officer, of the companys disclosure controls and procedures, as such term is defined under Rule 13a-15(e) and 15d-15(e) promulgated under the Securities Exchange Act of 1934, as amended (the Exchange Act). Based on that evaluation, the companys management, including the Chief Executive Officer and Chief Financial Officer, concluded that the companys disclosure controls and procedures were effective as of January 31, 2007 to ensure that material information is recorded, processed, summarized and reported by companys management on a timely basis in the companys reports filed under the Exchange Act. See Managements Report on Internal Control over Financial Reporting and Report of Independent Registered Public Accounting Firm attached to this report beginning on page F-1, and incorporated herein by reference.
Changes in Internal Control over Financial Reporting
We have improved and strengthened the design of controls regarding the review and analysis of complex business combinations. These actions included instituting additional reviews of transaction documentation associated with complex business combinations by personnel with adequate accounting and legal knowledge and where appropriate, additional reviews by external professional resources.
No other changes in the companys internal control over financial reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) has occurred during the fourth fiscal quarter ended January 31, 2007 that has materially affected, or is reasonably likely to materially affect, the companys internal control over financial reporting.