AbbVie 2014 Annual Report Download - page 109
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13NOV201221352027
Management of AbbVie is responsible for establishing and maintaining adequate internal control over
financial reporting, as such term is defined in Rule 13a-15(f) under the Securities Exchange Act of 1934.
AbbVie’s internal control over financial reporting is designed to provide reasonable assurance regarding the
reliability of financial reporting and the preparation of financial statements for external purposes in
accordance with generally accepted accounting principles in the United States. However, all internal control
systems, no matter how well designed, have inherent limitations. Therefore, even those systems determined
to be effective can provide only reasonable assurance with respect to financial statement preparation and
reporting.
Management assessed the effectiveness of AbbVie’s internal control over financial reporting as of
December 31, 2014. In making this assessment, management used the criteria set forth by the Committee
of Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control-Integrated Framework
(2013 framework). Based on that assessment, management concluded that AbbVie maintained effective
internal control over financial reporting as of December 31, 2014, based on the COSO criteria.
The effectiveness of AbbVie’s internal control over financial reporting as of December 31, 2014 has
been audited by Ernst & Young LLP, an independent registered public accounting firm, as stated in their
attestation report appearing on page 104 hereof, which expresses an unqualified opinion on the
effectiveness of AbbVie’s internal control over financial reporting as of December 31, 2014.
2014 Form 10-K 103
Management’s Report on Internal Control over Financial Reporting