Status of compliance with Section 404 of the Sarbanes-Oxley Act of 2002
We have carried out an evaluation under the supervision and with the participation of our management, including the Chief Executive Officer, of the effectiveness of the design and operation of our disclosure controls and procedures as of November 30, 2007. There are inherent limitations to the effectiveness of any system of disclosure controls and procedures, including the possibility of human error and the circumvention or overriding of controls and procedures. Accordingly, even effective disclosure controls and procedures can only provide reasonable assurance of achieving their control objectives. Based on our evaluation, the Chief Executive Officer and Chief Financial Officer have concluded that, as of November 30, 2007, the disclosure controls and procedures were effective to provide reasonable assurance that information required to be disclosed in the reports we file and submit under the Securities and Exchange Act of 1934 is recorded, processed, summarised and reported as and when required, within the time periods specified in the applicable rules and forms, and that it is accumulated and communicated to our management, including the Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.
As of November 30, 2007 no material weaknesses had been identified.
The company's management, using the criteria set forth by the Committee of Sponsoring Organisation's of the Treadway Commission in Internal Control - Integrated Framework, believes that as of November 30, 2007 the company's internal control over financial reporting is effective.
Our auditors, Deloitte LLP, expressed an unqualified opinion of management's assertion of the effectiveness of the Group's internal control over financial reporting and an unqualified opinion on the effectiveness of the Group's internal control over financial reporting.
© Copyright 2008 | Legal notice