Sunoco 2006 Annual Report Download - page 43

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Management’s Report on Internal Control Over Financial Reporting
Management of the Company is responsible for establishing and maintaining adequate internal control over finan-
cial reporting, as defined in Rules 13a-15(f) and 15d-15(f) under the Securities Exchange Act of 1934, as amended.
The Company’s internal control over financial reporting is designed to provide reasonable assurance regarding the
reliability of financial reporting and the preparation of financial statements in accordance with generally accepted
accounting principles.
The Company’s management assessed the effectiveness of the Company’s internal control over financial reporting
as of December 31, 2006. In making this assessment, the Company’s management used the criteria set forth in Internal
Control—Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission
(the “COSO criteria”).
Based on this assessment, management believes that, as of December 31, 2006, the Company’s internal control
over financial reporting is effective based on the COSO criteria. Ernst & Young LLP, the Company’s independent
registered public accounting firm, has issued an audit report on management’s assessment of the Company’s internal
control over financial reporting, which appears on page 42.
John G. Drosdick
Chairman, Chief Executive Officer and President
Thomas W. Hofmann
Senior Vice President and Chief Financial Officer
41