DELPHI 2013 Annual Report Download - page 147

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125
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL
DISCLOSURE
None
ITEM 9A. CONTROLS AND PROCEDURES
Management’s Report on Internal Control over Financial Reporting
Evaluation of Disclosure Controls and Procedures
Management of the Company, under the supervision and with the participation of the Chief Executive Officer and the Chief
Financial Officer, carried out an evaluation of the effectiveness of the design and operation of the Company's disclosure
controls and procedures as of December 31, 2013. As defined in Rule 13a-15(e) under the Securities Exchange Act of 1934 (the
“Exchange Act”), disclosure controls and procedures are controls and procedures designed to provide reasonable assurance that
information required to be disclosed in reports filed or submitted under the Exchange Act is recorded, processed, summarized
and reported on a timely basis, and that such information is accumulated and communicated to management, including the
Company's Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required
disclosure. The Company's disclosure controls and procedures include components of the Company's internal control over
financial reporting. Based upon this evaluation, the Chief Executive Officer and Chief Financial Officer have concluded that
the Company's disclosure controls and procedures were effective as of December 31, 2013.
Management's Report on Internal Control over Financial Reporting
Management is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is
defined in Exchange Act Rules 13a-15(f), for the Company. Under the supervision of the Chief Executive Officer and Chief
Financial Officer, management conducted an evaluation of the effectiveness of the Company's internal control over financial
reporting as of December 31, 2013 based on the framework set forth by the Committee of Sponsoring Organizations of the
Treadway Commission (COSO) in “Internal Control-Integrated Framework.” Based on that evaluation, management has
concluded that the Company's internal control over financial reporting was effective as of December 31, 2013.
Ernst & Young LLP has issued an attestation report which is included herein as the Report of Independent Registered Public
Accounting Firm under the section headed Financial Statements and Supplementary Data for the year ended December 31,
2013.
Changes in Internal Control over Financial Reporting
Except as noted below, there were no material changes in the Company’s internal controls over financial reporting during the
the year ended December 31, 2013 that have materially affected, or are reasonably likely to materially affect, the Company’s
internal controls over financial reporting.
During the year ended December 31, 2013, the Company implemented a global financial consolidations software system, and
maintained and monitored appropriate internal controls during the implementation period. The Company believes that its
internal control environment has been enhanced as a result of this implementation.
ITEM 9B. OTHER INFORMATION
None