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Ford Motor Company Annual Report 2005 102 Ford Motor Company Annual Report 2005 103
Managementʼs Report on Internal Control Over Financial Reporting
Our management is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is
defined in Rule 13a-15(f) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Companyʼs internal
control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting
and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.
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 because the degree of compliance with the policies or procedures may deteriorate.
Under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial
Officer, the Company conducted an assessment of the effectiveness of its internal control over financial reporting as of
December 31, 2005. The assessment was based on criteria established in the framework Internal Control – Integrated Framework,
issued by the Committee of Sponsoring Organizations of the Treadway Commission. This assessment excluded our acquisition on
October 1, 2005 of operations of ACH as described in Note 4 of the Notes to the Financial Statements. As noted, ACH is a subsidiary
controlled and managed by Ford, whose total assets and total revenues represent less than 1% of the corresponding consolidated
financial statement amounts as of and for the year ended December 31, 2005. Based on this assessment, management concluded that
our internal control over financial reporting was effective as of December 31, 2005. Managementʼs assessment of the effectiveness of
the Companyʼs internal control over financial reporting as of December 31, 2005 has been audited by PricewaterhouseCoopers LLP,
an independent registered public accounting firm, as stated in their report included herein.
New York Stock Exchange and Pacific Exchange Required Disclosures
On June 13, 2005, Fordʼs Chief Executive Officer certified that he was not aware of any violation by the Company of the New
York Stock Exchangeʼs Corporate Governance listing standards, other than has been notified to the Exchange pursuant to Section
303A.12 (b), of which there was none. In addition, on September 22, 2005, Fordʼs Chief Executive Officer certified that he was not
aware of any violation by the Company of the Pacific Exchangeʼs Corporate Governance listing standards, other than has been
notified to the Exchange pursuant to Rule 5.3 (m), of which there was none.
We have filed with the Securities and Exchange Commission, as exhibits to our Annual Report on Form 10-K for the year ended
December 31, 2005, our Chief Executive Officerʼs and Chief Financial Officerʼs certifications required by Section 302 of the
Sarbanes-Oxley Act of 2002.