Report of Management on Financial
Statements
Management of GROWMARK, Inc. is responsible for the
preparation and integrity of the consolidated financial
statements and all financial information in this report. These
consolidated financial statements were prepared in conformity
with accounting principles generally accepted in the United
States and include, where necessary, informed estimates and
judgments.
The Company maintains internal accounting policies,
procedures, and controls which are designed to provide
reasonable assurance, at a reasonable cost, that the assets
are safeguarded and transactions are properly executed and
recorded in accordance with management's authorizations. The
Company's internal auditors perform audits to assure the
adequacy and adherence to these controls, policies, and
procedures.
Ernst & Young LLP, independent auditors, has been engaged
by the Board of Directors to perform an audit in accordance
with generally accepted auditing standards and to render an
opinion on the Company's financial statements. Their report
follows.
The Audit Committee of the Board of Directors meets
periodically with representatives of Ernst & Young LLP and
with management to review internal accounting control,
auditing, and financial reporting matters. Ernst & Young LLP
has access to the Audit Committee without the presence of
management.
Bill Davisson
Chief Executive Officer |
Jeffrey M. Solberg
Vice President, Finance |
