JCPenney 2015 Annual Report Download - page 49
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Table of Contents
The management of our Company, under the supervision and with the participation of our principal executive officer and principal financial officer,
conducted an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-
15(e) under the Securities Exchange Act of 1934 (the Exchange Act)) as of the end of the period covered by this Annual Report on Form 10-K. Based on this
evaluation, our principal executive officer and principal financial officer concluded that our disclosure controls and procedures are effective to ensure that
information required to be disclosed by us in the reports that we file or submit under the Exchange Act (i) is recorded, processed, summarized and reported
within the time periods specified in the Securities and Exchange Commission’s rules and forms and (ii) is accumulated and communicated to management,
including our principal executive officer and principal financial officer, as appropriate to allow timely decisions regarding required disclosure.
The management of our Company is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Rules 13a-
15(f) and 15d-15(f) under the Exchange Act). The management of our Company has assessed the effectiveness of our Company’s internal control over
financial reporting as of January 30, 2016. In making this assessment, management used criteria set forth by the Committee of Sponsoring Organizations of
the Treadway Commission (COSO) in . Based on its assessment, the management of our Company believes
that, as of January 30, 2016, our Company’s internal control over financial reporting is effective based on those criteria.
The Company’s independent registered public accounting firm, KPMG LLP, has audited the financial statements included in this Annual Report on Form 10-
K and has issued an attestation report on the effectiveness of our Company’s internal control over financial reporting. Their report follows.
There were no changes in our Company’s internal control over financial reporting during the fourth quarter ended January 30, 2016, that have materially
affected, or are reasonably likely to materially affect, our Company’s internal control over financial reporting.
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