General Dynamics 2010 Annual Report Download - page 84

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STATEMENT OF FINANCIALRESPONSIBILITY
TotheShareholdersofGeneral DynamicsCorporation:
ThemanagementofGeneral DynamicsCorporationisresponsiblefortheconsolidated financial statements and all related financial informationcontained
in thisreport. Thefinancial statements, which includeamounts basedonestimates and judgments, havebeenpreparedinaccordancewithU.S. generally
accepted accounting principles appliedonaconsistentbasis.
We maintain a systemofinternal accounting controlsdesigned and intendedto providereasonableassurancethatassets aresafeguarded,thattransactions
areexecuted and recordedinaccordancewith management’sauthorizationandthataccountabilityforassets ismaintained.Wemaintain and monitor
an environmentthatestablishes an appropriate levelofcontrolconsciousness. An importantelementofthemonitoring process isan internal auditprogram
thatindependently assesses theeffectiveness ofthecontrolenvironment.
TheAuditCommittee oftheboard ofdirectors, which iscomposedoffiveoutsidedirectors, meets periodically and,whenappropriate, separately with
theindependentregistered public accounting firm,managementand internal auditstaff to review theactivities ofeach.
Thefinancial statements havebeenauditedbyKPMG LLP,independentregistered public accounting firm,whose reportfollows.
L.Hugh Redd JasonW. Aiken
SeniorVicePresidentand Chief Financial Officer VicePresidentand Controller
General Dynamics Annual Report • 201064