18 Eme r s on 2013 Ann u al R e por t Report of Management The Companys management is responsible for the integrity and accuracy of the fnancial statements Management believes that the fnancial statements for the three years ended September 30 2013 have been prepared in conformity with US generally accepted accounting principles appropriate in the circumstances In preparing the fnancial statements management makes informed judgments and estimates where necessary to refect the expected effects of events and transactions that have not been completed The Companys disclosure controls and procedures ensure that material information required to be disclosed is recorded processed summarized and c o m m u n i c a t e d t o management and reported within the required time periods In meeting its responsibility for the reliability of the fnancial statements management relies on a system of internal accounting control This system is designed to provide reasonable assurance that assets are safeguarded and transactions are executed in accordance with managements authorization and recorded properly to permit the preparation of fnancial statements in accordance with US generally accepted accounting principles The design of this system recognizes that errors or irregularities may occur and that estimates and judgments are required to assess the relative cost and expected benefts of the controls Management believes that the Companys internal accounting controls provide reasonable assurance that errors or irregularities that could be material to the fnancial statements are prevented or would be detected within a timely period The Audit Committee of the Board of Directors which is composed solely of independent directors is responsible for overseeing the Companys fnancial reporting process The Audit Committee meets with management and the Companys internal auditors periodically to review the work of each and to monitor the discharge by each of its responsibilities The Audit Committee also meets periodically with the independent auditors who have free access to the Audit Committee and the Board of Directors to discuss the quality and acceptability of the Companys fnancial reporting and internal controls as well as nonauditrelated services The independent auditors are engaged to express an opinion on the Companys consolidated fnancial statements and on the Companys internal control over fnancial reporting Their opinions are based on procedures that they believe to be suffcient to provide reasonable assurance that the fnancial statements contain no material errors and that the Companys internal controls are effective Managements Report on Internal Control Over Financial Reporting The Companys management is responsible for establishing and maintaining adequate internal control over fnancial reporting for the Company With the participation of the Chief Executive Offcer and the Chief Financial Offcer management conducted an evaluation of the effectiveness of internal control over fnancial reporting based on the framework and the criteria established in Internal Control Integrated Framework 1992 issued by the Committee of Sponsoring Organizations of the Treadway Commission Based on this evaluation management has concluded that internal control over fnancial reporting was effective as of September 30 2013 The Companys auditor KPMG LLP an independent registered public accounting frm has issued an audit report on the effectiveness of the Companys internal control over fnancial reporting F r ank J D e ll a q ui l a Ex e c u ti v e V i c e Pr e si d e n t an d C hi e f Fin an c i al O ffc e r D a vi d N F ar r C h airm an o f th e B o ar d an d C hi e f Ex e c u ti v e O ffc e r FI n an CI al R e v I e w