Cemex 1997 Annual Report Download - page 50

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44
Management’s responsibility
for internal control
The Board of Directors and Stockholders
Cemex, S.A. de C.V.:
We have performed a study and evaluation of the system of internal accounting control of Cemex, S.A. de C.V. and
Subsidiaries for the year ended December 31, 1997. The management of Cemex, S.A. de C.V. is responsible for
establishing and maintaining a system of internal accounting control. Our responsibility is to express an opinion on
this system of internal control based on our review.
We conducted our study and evaluation in accordance with generally accepted auditing standards. The system of
internal accounting control of some subsidiaries were examined by other auditors, whose reports thereon have been
furnished to us. Our opinion expressed herein, insofar as it relates to the system of internal accounting control for
such subsidiaries is based solely on the reports of other auditors.
Because of inherent limitations in any system of internal accounting control, errors and irregularities may
nevertheless occur and not be detected. Also, projection of any evaluation of the system to future periods is subject
to the risk that procedures may become inadequate because of changes in conditions or that the degree of
compliance with the procedures may deteriorate.
In our opinion, based on our audit and the reports of other auditors, the system of internal accounting control of
Cemex, S.A. de C.V. and Subsidiaries for the year ended December 31, 1997, taken as a whole, was sufficient to
meet management’s objectives and to provide reasonable assurance that material errors or irregularities will be
prevented or detected in the normal course of business.
KPMG Cárdenas Dosal, S.C.
Rafael Gómez Eng
Monterrey, N.L. Mexico
January 19, 1998.