GE 2015 Annual Report Download - page 152

REPORTS
124 GE 2015 FORM 10-K
0$1$*(0(17¶6$118$/REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING
Management is responsible for establishing and maintaining adequate internal control over financial reporting for the Company. With
our participation, an evaluation of the effectiveness of our internal control over financial reporting was conducted as of December 31,
2015, based on the framework and criteria established in Internal Control ± Integrated Framework (2013) issued by the Committee of
Sponsoring Organizations of the Treadway Commission.
Based on this evaluation, our management has concluded that our internal control over financial reporting was effective as of
December 31, 2015.
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for recently acquired businesses, management has excluded the acquired Alstom businesses from its assessment of internal control
over financial reporting. The excluded Alstom businesses represent total assets and total revenues of 3.5 percent and 1.7 percent,
respectively, of the related consolidated financial statement amounts as of and for the year-ended December 31, 2015.
Our independent registered public accounting firm has issued an audit report on our internal control over financial reporting. Their report
follows.
/s/ Jeffrey R. Immelt 
/
s/ Jeffrey S. Bornstein
Jeffrey R. Immelt Jeffrey S. Bornstein
Chairman of the Board and
Chief Executive Officer
February 26, 2016
Senior Vice President and
Chief Financial Officer
DISCLOSURE CONTROLS
Under the direction of our Chief Executive Officer and Chief Financial Officer, we evaluated our disclosure controls and procedures and
internal control over financial reporting and concluded that our disclosure controls and procedures were effective as of December 31,
2015.
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quarter ended December 31, 2015, that have materially affected, or are reasonably likely to materially affect, its internal control over
financial reporting.
On November 2, 2015, we closed the acquisition of Alstom's Thermal, Renewable, and Grid businesses. As a result of the timing,
breadth and complexity of the transaction, we increased the level of resources involved in the application of our internal processes and
controls to the financial closing and reporting processes and to reach a preliminary purchase price allocation. During 2016, we expect
the following will occur with respect to these acquired businesses: (1) purchase price allocations will be finalized, (2) they will continue
the transition to our accounting and reporting policies and processes, and (3) their systems and processes will be integrated into our
framework of internal controls over financial reporting. These actions may precipitate changes in processes or controls.
124 GE 2015 FORM 10-K