Fluor 2013 Annual Report Download - page 88

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Management’s Report on Internal Control Over Financial Reporting
Our management is responsible for establishing and maintaining effective internal control over
financial reporting and for the assessment of the effectiveness of internal control over financial reporting.
The company’s internal control over financial reporting is a process designed, as defined in Rule 13a-15(f)
under the Exchange Act, to provide reasonable assurance regarding the reliability of financial reporting
and the preparation of consolidated financial statements for external purposes in accordance with
generally accepted accounting principles in the United States.
In connection with the preparation of the company’s annual consolidated financial statements,
management of the company has undertaken an assessment of the effectiveness of the company’s internal
control over financial reporting based on criteria established in Internal Control — Integrated Framework
issued by the Committee of Sponsoring Organizations of the Treadway Commission (the 1992 COSO
framework). Management’s assessment included an evaluation of the design of the company’s internal
control over financial reporting and testing of the operational effectiveness of the company’s internal
control over financial reporting. Based on this assessment, management has concluded that the company’s
internal control over financial reporting was effective as of December 31, 2013.
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 or procedures may deteriorate.
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