Cigna 2009 Annual Report Download - page 117

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Management's Annual Report on Internal Control over Financial Reporting
Management of CIGNA Corporation (“the Company”) is responsible for establishing and maintaining adequate internal controls over
financial reporting. The Company’s internal controls were designed to provide reasonable assurance to the Company’s Management
and Board of Directors that the Company’s consolidated published financial statements for external purposes were prepared in
accordance with generally accepted accounting principles. The Company’s internal controls over financial reporting include 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 and liabilities 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 authorization of management and directors of the Company; and
(iii) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisitions, use or disposition of
the Company’s assets that could have a material effect on the financial statements.
Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements.
Management assessed the effectiveness of the Company’s internal controls over financial reporting as of December 31, 2009. 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. Based on Management’s assessment and the criteria set forth by
COSO, it was determined that the Company’s internal controls over financial reporting are effective as of December 31, 2009.
The Company’s independent registered public accounting firm, PricewaterhouseCoopers, has audited the effectiveness of the
Company’s internal control over financial reporting, as stated in their report located on page 168 in this Form 10-K.