Cash America 2015 Annual Report Download - page 129

Download and view the complete annual report

Please find page 129 of the 2015 Cash America 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 152

  • 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
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152

REPORT OF MANAGEMENT ON INTERNAL CONTROL OVER FINANCIAL REPORTING
Management is responsible for establishing and maintaining adequate internal control over financial
reporting and for the assessment of the effectiveness of the Company’s internal control over financial reporting. The
Company’s internal control over financial reporting is a process 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. The Company’s internal control over financial reporting includes
thosepoliciesandproceduresthat(i)pertaintothemaintenanceofrecordsthat,inreasonabledetail,accuratelyand
fairlyreflectthetransactionsanddispositionsoftheassetsoftheCompany;(ii)providereasonableassurancethat
transactions are recorded as necessary to permit preparation of financial statements in accordance with generally
accepted accounting principles, and that receipts and expenditures of the Company are being made only in
accordancewithauthorizationsofmanagementanddirectorsoftheCompany;and(iii)providereasonable
assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the
Company’s assets that could have a material effect on the financial statements.
Management assessed the effectiveness of the Company’s internal control over financial reporting as of
December31,2015.Inmakingitsassessmentoftheeffectiveness of the Company’s internal control over financial
reporting, management of the Company has utilized the criteria established in “Internal Control – Integrated
Framework (2013)” issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).
Basedonmanagement’sassessment,weconcludedthat,asofDecember31,2015,theCompany’sinternal
control over financial reporting is effective based on those criteria. All internal control systems, no matter how well
designed, have inherent limitations and may not prevent or detect misstatements. Therefore, even those systems
determined to be effective can provide only reasonable assurance with respect to financial statement preparation and
presentation.
The effectivenessoftheCompany’sinternalcontroloverfinancialreportingasofDecember31,2015has
been audited by Grant Thornton LLP, an independent registered public accounting firm, as stated in their report
which appears in this Form 10-K.
/s/ T. BRENT STUART /s/ THOMAS A. BESSANT, JR.
T. Brent Stuart Thomas A. Bessant, Jr.
President and Chief Executive Officer Executive Vice President and Chief Financial Officer
February 25, 2016 February 25, 2016
125