Priceline 2014 Annual Report Download - page 73

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Item 8. Financial Statements and Supplementary Data
The following Consolidated Financial Statements of the Company and the report of our independent registered public accounting firm
are filed as part of this Annual Report on Form 10-K (See Part IV Item 15 Exhibits and Financial Statement Schedules).
Consolidated Balance Sheets as of December 31, 2014 and 2013 ; Consolidated Statements of Operations, Consolidated Statements of
Comprehensive Income, Consolidated Statements of Changes in Stockholders' Equity and Consolidated Statements of Cash Flows for the years
ended December 31, 2014 , 2013 and 2012 ; Notes to Consolidated Financial Statements and Report of Independent Registered Public
Accounting Firm.
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
None.
Item 9A. Controls and Procedures
Disclosure Controls and Procedures . Under the supervision and with the participation of our management, including our principal
executive officer and our principal financial officer, we conducted an evaluation of our disclosure controls and procedures, as such term is
defined under Exchange Act Rule 13a-15(e). Based on this evaluation, our principal executive officer and our principal financial officer
concluded that our disclosure controls and procedures were effective as of the end of the period covered by this Annual Report on Form 10-K.
Pursuant to Section 404 of the Sarbanes-Oxley Act of 2002, we include a report of our management's assessment of the design and
effectiveness of our internal controls over financial reporting for the year ended December 31, 2014 .
Management's 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 Exchange Act Rule 13a-15(f). Under the supervision and with the
participation of our management, including our principal executive officer and principal financial officer, we conducted an evaluation of the
effectiveness of our internal control over financial reporting based on the framework in the Internal Control - Integrated Framework (2013)
issued by the Committee of Sponsoring Organizations of the Treadway Commission.
Based on our evaluation, our management concluded that our internal control over financial reporting was effective as of December 31,
2014 . Our independent registered public accounting firm also attested to, and reported on, our management's assessment of the effectiveness of
internal control over financial reporting.
Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. 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 that
the degree of compliance with the policies or procedures may deteriorate.
Changes in Internal Controls. No change in our internal control over financial reporting (as such term is defined in Exchange Act Rule
13a-15(f)) occurred during the three months ended December 31, 2014 that materially affected, or is reasonably likely to materially affect, our
internal control over financial reporting.
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Directors and Stockholders of
The Priceline Group Inc.
Norwalk, Connecticut
We have audited the internal control over financial reporting of The Priceline Group Inc. (formerly known as priceline.com
Incorporated) and subsidiaries (the "Company") as of December 31, 2014 , based on criteria established in Internal Control - Integrated
Framework (2013)
issued by the Committee of Sponsoring Organizations of the Treadway Commission. The Company's management is
responsible for maintaining effective internal control over financial reporting and for its assessment of the effectiveness of internal control over
financial reporting, included in "Management's Report on Internal Control Over Financial Reporting" appearing in Item 9A. Our responsibility
is to express an opinion on the Company's internal control over financial reporting based on our audit.
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