Eli Lilly 2013 Annual Report Download - page 91

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77
We conducted an evaluation of the effectiveness of our internal control over financial reporting based on the
framework in "Internal Control—Integrated Framework (1992)" issued by the Committee of Sponsoring
Organizations of the Treadway Commission. Based on our evaluation under this framework, we concluded
that our internal control over financial reporting was effective as of December 31, 2013. However, because of
its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also,
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 or
procedures may deteriorate.
The internal control over financial reporting has been assessed by Ernst & Young LLP as of December 31,
2013. Their responsibility is to evaluate whether internal control over financial reporting was designed and
operating effectively.
John C. Lechleiter, Ph.D. Derica W. Rice
Chairman, President, and Chief Executive Officer
Executive Vice President, Global Services and Chief
Financial Officer
February 19, 2014