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ABBOTT 2013 ANNUAL REPORT
56
MANAGEMENT REPORT ON INTERNAL CONTROL
OVER FINANCIAL REPORTING
The management of Abbott Laboratories is responsible for
establishing and maintaining adequate internal control over
financial reporting. Abbott’s internal control system was designed
to provide reasonable assurance to the company’s management
and board of directors regarding the preparation and fair
presentation of published financial statements.
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 presentation.
Abbott’s management assessed the effectiveness of the company’s
internal control over financial reporting as of December 31, 2013.
In making this assessment, it used the criteria set forth in Internal
Control — Integrated Framework (1992) issued by the Committee
of Sponsoring Organizations of the Treadway Commission. Based
on our assessment, we believe that, as of December 31, 2013, the
company’s internal control over financial reporting was effective
based on those criteria.
Abbott’s independent registered public accounting firm has issued
an audit report on their assessment of the effectiveness of the
company’s internal control over financial reporting. This report
appears on page 57.
Miles D. White
Chairman of the Board and Chief Executive Officer
Thomas C. Freyman
Executive Vice President, Finance and Chief Financial Officer
Robert E. Funck
Vice President, Controller
February21, 2014