Cigna 2015 Annual Report Download - page 88

Financial Statements and Supplementary Data
Report of Independent Registered Public Accounting Firm
weakness exists, and testing and evaluating the design and operating
To the Board of Directors
effectiveness of internal control based on the assessed risk. Our audits
and Shareholders of Cigna Corporation
also included performing such other procedures as we considered
In our opinion, the accompanying consolidated balance sheets and necessary in the circumstances. We believe that our audits provide a
the related consolidated statements of income, comprehensive reasonable basis for our opinions.
income, changes in total equity and cash flows present fairly, in all A company’s internal control over financial reporting is a process
material respects, the financial position of Cigna Corporation and its designed to provide reasonable assurance regarding the reliability of
subsidiaries at December 31, 2015 and 2014, and the results of their financial reporting and the preparation of financial statements for
operations and their cash flows for each of the three years in the period external purposes in accordance with generally accepted accounting
ended December 31, 2015 in conformity with accounting principles principles. A company’s internal control over financial reporting
generally accepted in the United States of America. Also in our includes those policies and procedures that (i) pertain to the
opinion, the Company maintained, in all material respects, effective maintenance of records that, in reasonable detail, accurately and fairly
internal control over financial reporting as of December 31, 2015, reflect the transactions and dispositions of the assets of the company;
based on criteria established in Internal Control – Integrated (ii) provide reasonable assurance that transactions are recorded as
Framework 2013 issued by the Committee of Sponsoring necessary to permit preparation of financial statements in accordance
Organizations of the Treadway Commission (COSO). The with generally accepted accounting principles, and that receipts and
Company’s management is responsible for these financial statements, expenditures of the company are being made only in accordance with
for maintaining effective internal control over financial reporting and authorizations of management and directors of the company; and
for its assessment of the effectiveness of internal control over financial (iii) provide reasonable assurance regarding prevention or timely
reporting, included in Management’s Annual Report on Internal detection of unauthorized acquisition, use, or disposition of the
Control over Financial Reporting appearing under Item 9A. Our company’s assets that could have a material effect on the financial
responsibility is to express opinions on these financial statements and statements.
on the Company’s internal control over financial reporting based on
our integrated audits. We conducted our audits in accordance with Because of its inherent limitations, internal control over financial
the standards of the Public Company Accounting Oversight Board reporting may not prevent or detect misstatements. Also, projections
(United States). Those standards require that we plan and perform the of any evaluation of effectiveness to future periods are subject to the
audits to obtain reasonable assurance about whether the financial risk that controls may become inadequate because of changes in
statements are free of material misstatement and whether effective conditions, or that the degree of compliance with the policies or
internal control over financial reporting was maintained in all material procedures may deteriorate.
respects. Our audits of the financial statements included examining,
on a test basis, evidence supporting the amounts and disclosures in the /s/ PricewaterhouseCoopers LLP
financial statements, assessing the accounting principles used and PricewaterhouseCoopers LLP
significant estimates made by management and evaluating the overall Philadelphia, Pennsylvania
financial statement presentation. Our audit of internal control over February 25, 2016
financial reporting included obtaining an understanding of internal
control over financial reporting, assessing the risk that a material
58 CIGNA CORPORATION - 2015 Form 10-K
ITEM 8.