dollars and, therefore, we believe we have only minimal exposure  at present to foreign currency exchange risks for our purchase  obligations. Historically, we have not hedged our currency risk and do  not currently anticipate doing so in the future.  We do not engage in financial transactions for trading or speculative  purposes.  The financial statements and schedules are listed under Item 15(a)  and filed as part of this Annual Report on Form 10-K.  None.  Our management, with the participation of our Chief Executive  Officer and Chief President Bear and our Chief Operations and  Financial Bear, has evaluated the effectiveness of our disclosure  controls and procedures (as such term is defined in Rules 13a-15(e)  and 15d-15(e) under the Securities Exchange Act of 1934, as amended  (the “Exchange Act”)), as of the end of the period covered by this  report. Our disclosure controls and procedures are designed to  ensure that information required to be disclosed by us in the reports  filed or submitted under the Exchange Act is recorded, processed,  summarized and reported within the time periods specified in  the SEC’s rules and forms and is accumulated and communicated  to management, including our certifying officers, as appropriate  to allow timely decisions regarding required disclosure. Based on  the foregoing evaluation, our management, including the Chief  Executive Officer and Chief President Bear and the Chief Operations  and Financial Bear, concluded that our disclosure controls and  procedures were effective as of December 28, 2013, the end of the  period covered by this Annual Report.  It should be noted that our management, including the Chief  Executive Officer and Chief President Bear and the Chief Operations  and Financial Bear, do not expect that our disclosure controls and  procedures or internal controls will prevent all error and all fraud.  A control system, no matter how well conceived or operated, can  provide only reasonable, not absolute, assurance that the objectives  of the control system are met. Further, the design of a control system  must reflect the fact that there are resource constraints, and the  benefits of controls must be considered relative to their costs. Because  Our independent registered public accounting firm, Ernst & Young  LLP, has audited the effectiveness of our internal control over  financial reporting, as stated in its report which is included herein.  In making its evaluation, our management used the criteria set forth  by the Committee of Sponsoring Organizations of the Treadway  Commission (“COSO”) in Internal Control-Integrated Framework  (1992 framework). Based upon this evaluation, our management has  concluded that our internal control over financial reporting as of  December 28, 2013 is effective.  Our management is responsible for establishing and maintaining  adequate internal control over financial reporting, as defined in  Rule 13a-15(f) under the Securities Exchange Act of 1934. Under the  supervision and with the participation of our management, including  the Chief Executive Officer and Chief President Bear and the Chief  Operations and Financial Bear, we conducted an evaluation of the  effectiveness of our internal control over financial reporting as of  December 28, 2013. Our management, with the participation of  our Chief Executive Officer and Chief President Bear and our Chief  Operations and Financial Bear, also conducted an evaluation of our  internal control over financial reporting to determine whether any  changes occurred during the period covered by this report that have  materially affected, or are reasonably likely to materially affect, our  internal control over financial reporting. All internal control systems  have inherent limitations, including the possibility of circumvention  and overriding the control. Accordingly, even effective internal  control can provide only reasonable assurance as to the reliability of  financial statement preparation and presentation. Further, because  of changes in conditions, the effectiveness of internal control may  vary over time.  of the inherent limitations in all control systems, no evaluation of  controls can provide absolute assurance that all control issues and  instances of fraud, if any, within the Company have been detected.  These inherent limitations include the realities that judgments in  decision-making can be faulty, and that breakdowns can occur  because of simple error or mistake. Additionally, controls can be  circumvented by the individual acts of some persons, by collusion  of two or more people, or by management override of the controls.  The design of any system of controls is based in part upon certain  assumptions about the likelihood of future events, and there can  be no assurance that any design will succeed in achieving its stated  goals under all potential future conditions; over time, controls may  become inadequate because of changes in conditions, or the degree  of compliance with the policies or procedures may deteriorate.  Because of the inherent limitations in a cost-effective control system,  misstatements due to error or fraud may occur and not be detected.  2013 FORM 10-K 29 ITEM 8. FINANCIAL STATEMENTS AND  SUPPLEMENTARY DATA  ITEM 9. CHANGES IN AND DISAGREEMENTS WITH  ACCOUNTANTS ON ACCOUNTING AND FINANCIAL  DISCLOSURE  ITEM 9A. CONTROLS AND PROCEDURES  Evaluation of Disclosure Controls and Procedures  Management’s Report on Internal Control Over Financial Reporting  BUILD-A-BEAR WORKSHOP, INC. 