Delta Airlines 2015 Annual Report Download - page 101

Download and view the complete annual report

Please find page 101 of the 2015 Delta Airlines annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 191

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191

TableofContents
ITEM9.CHANGESINANDDISAGREEMENTSWITHACCOUNTANTSONACCOUNTINGANDFINANCIALDISCLOSURE
None.
ITEM9A.CONTROLSANDPROCEDURES
DisclosureControlsandProcedures
Ourmanagement,includingourChiefExecutiveOfficerandChiefFinancialOfficer,performedanevaluationofourdisclosurecontrolsandprocedures,which
havebeendesignedtopermitustorecord,process,summarizeandreport,withintimeperiodsspecifiedbytheSEC'srulesandforms,informationrequiredtobe
disclosed.Ourmanagement,includingourChiefExecutiveOfficerandChiefFinancialOfficer,concludedthatthecontrolsandprocedureswereeffectiveasof
December31,2015toensurethatmaterialinformationwasaccumulatedandcommunicatedtoourmanagement,includingourChiefExecutiveOfficerandChief
FinancialOfficer,asappropriatetoallowtimelydecisionsregardingrequireddisclosure.
ChangesinInternalControl
DuringthethreemonthsendedDecember31,2015,wedidnotmakeanychangesinourinternalcontroloverfinancialreportingthathavemateriallyaffected,
orarereasonablylikelytomateriallyaffect,ourinternalcontroloverfinancialreporting.
Management'sAnnual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Rules13a-15(f)and
15d-15(f)undertheSecuritiesExchangeActof1934.Ourinternalcontroloverfinancialreportingisdesignedtoprovidereasonableassuranceregardingthe
reliabilityoffinancialreportingandthepreparationoffinancialstatementsforexternalpurposesinaccordancewithaccountingprinciplesgenerallyacceptedinthe
UnitedStatesofAmerica.
Becauseofitsinherentlimitations,internalcontroloverfinancialreportingmaynotpreventordetectmisstatements.Projectionsofanyevaluationof
effectivenesstofutureperiodsaresubjecttotheriskthatcontrolsmaybecomeinadequatebecauseofchangesinconditions,orthatthedegreeofcompliancewith
thepoliciesmaydeteriorate.
ManagementconductedanevaluationoftheeffectivenessofourinternalcontroloverfinancialreportingasofDecember31,2015usingthecriteriaissuedby
theCommitteeofSponsoringOrganizationsoftheTreadwayCommission("COSO")inthe2013InternalControl-IntegratedFramework.Basedonthatevaluation,
managementbelievesthatourinternalcontroloverfinancialreportingwaseffectiveasofDecember31,2015.
TheeffectivenessofourinternalcontroloverfinancialreportingasofDecember31,2015hasbeenauditedbyErnst&YoungLLP,anindependentregistered
publicaccountingfirm,whichalsoauditedourConsolidatedFinancialStatementsfortheyearendedDecember31,2015.Ernst&YoungLLP'sreportonour
internalcontroloverfinancialreportingissetforthbelow.
95