Avon is committed to providing timely, accurate and complete information to its investors. This commitment is reflected in our policies and procedures; our internal audit function, which monitors financial controls and procedures worldwide; our senior management team, which stresses the importance of living our core value of Integrity through individual responsibility and accountability; and an independent and engaged Audit Committee of the Board of Directors. As a public company, Avon has its financial statements and internal control systems audited by Pricewaterhouse Coopers LLP, an independent registered public accounting firm. Their most recent report is included in Avon’s 2008 Annual Report. Our disclosure committee—which comprises senior financial, legal and human resources management—is responsible for ensuring that material information is identified and considered for completeness and reliability, especially in the context of our Securities and Exchange Commission filings; coordinating with management and the board, as appropriate, in making determinations concerning disclosure obligations; and evaluating Avon’s disclosure controls and procedures.