Anthem Blue Cross 2002 Annual Report Download - page 90

Download and view the complete annual report

Please find page 90 of the 2002 Anthem Blue Cross annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 94

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94

Anthem, Inc. 2002 Annual Report 85
REPORT OF MANAGEMENT
The management of Anthem, Inc. (the “Company”) is responsible for the preparation, integrity and accuracy of the
Company’s consolidated financial statements included in this Annual Report. Our consolidated financial statements
have been prepared in accordance with accounting principles generally accepted in the United States and include some
amounts that are based on management’s best estimates and judgment. Management has also prepared the other finan-
cial information included in this Annual Report, and is responsible for its accuracy and consistency with the audited
consolidated financial statements.
Management is responsible for maintaining internal controls, policies, and procedures designed to provide reason-
able assurance as to the integrity and reliability of the financial records and protection of assets. At Anthem, we main-
tain an internal auditing program designed to monitor compliance with policies and procedures and to evaluate the
internal control structure.
The consolidated financial statements included in this Annual Report have been audited by the Company’s
independent auditors, Ernst & Young LLP, in accordance with auditing standards generally accepted in the United
States. Their audits include review and tests of the Company’s internal controls to the extent they believe necessary to
determine and conduct the audit procedures that support their opinion. Also, Ernst & Young LLP has discussed with
the Audit Committee accounting principles, estimates and judgments used by management in the preparation of the
consolidated financial statements.
The Board of Directors appoints members to the Audit Committee who are neither officers nor employees of the
Company. The Audit Committee meets periodically with management, the internal auditors and the independent audi-
tors to review financial reports, internal accounting control evaluations and the scope and results of audit efforts. Both
the internal auditors and the independent auditors have full and free access to the Audit Committee, with and without
management present.
Larry C. Glasscock Michael L. Smith
President and Executive Vice President and
Chief Executive Officer Chief Financial and Accounting Officer