MasterCard 2012 Annual Report Download - page 131

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Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
Not applicable.
Item 9A. Controls and Procedures
Evaluation of Disclosure Controls and Procedures
MasterCard Incorporated’s management, including the President and Chief Executive Officer and Chief
Financial Officer, carried out an evaluation of the effectiveness of the design and operation of the Company’s
disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Securities Exchange
Act of 1934, as amended) as of the end of the period covered by this Report. Any controls and procedures, no
matter how well designed and operated, can provide only reasonable assurance of achieving the desired control
objectives. Based on that evaluation, the Company’s President and Chief Executive Officer and Chief Financial
Officer concluded that MasterCard Incorporated’s disclosure controls and procedures were effective as of the end
of the period covered by this Report at the reasonable assurance level to accomplish their objectives of
(i) recording, processing, summarizing and reporting information that is required to be disclosed in its reports
under the Securities Exchange Act of 1934, as amended, within the time periods specified in the Securities and
Exchange Commission’s rules and forms and (ii) ensuring that information required to be disclosed in such
reports is accumulated and communicated to MasterCard Incorporated’s management, including its President and
Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding
disclosure.
Internal Control over Financial Reporting
In addition, MasterCard Incorporated’s management assessed the effectiveness of MasterCard’s internal
control over financial reporting as of December 31, 2012. Management’s report on internal control over financial
reporting is included in Part II, Item 8 of this Report. The attestation report of PricewaterhouseCoopers LLP, our
independent registered public accounting firm, is also included in Part II, Item 8 of this Report.
There was no change in MasterCard’s internal control over financial reporting that occurred during the three
months ended December 31, 2012 that has materially affected, or is reasonably likely to materially affect,
MasterCard’s internal control over financial reporting.
Item 9B. Other Information
Not applicable.
127