Citibank 2009 Annual Report Download - page 125

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CONTROLS AND PROCEDURES
Disclosure
Citigroup’s disclosure controls and procedures are designed to ensure that
information required to be disclosed under the Securities Exchange Act of
1934 is accumulated and communicated to management, including the
Chief Executive Officer (CEO) and Chief Financial Officer (CFO), to allow for
timely decisions regarding required disclosure and appropriate SEC filings.
Citi’s Disclosure Committee is responsible for ensuring that there is an
adequate and effective process for establishing, maintaining and evaluating
disclosure controls and procedures for Citi’s external disclosures.
Citigroup’s management, with the participation of the company’s CEO
and CFO, has evaluated the effectiveness of Citigroup’s disclosure controls
and procedures (as defined in Rule 13a-15(e) under the Exchange Act) as
of December 31, 2009 and, based on that evaluation, the CEO and CFO have
concluded that at that date Citigroup’s disclosure controls and procedures
were effective.
Financial Reporting
There were no changes in Citigroup’s internal control over financial
reporting (as defined in Rule 13a-15(f) under the Exchange Act) during
the fiscal quarter ended December 31, 2009 that materially affected,
or are reasonably likely to materially affect, Citi’s internal control over
financial reporting.