Texas Instruments 2006 Annual Report Download - page 42

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TEXAS INSTRUMENTS 2006 ANNUAL REPORT
4040
The management of TI is responsible for establishing and maintaining adequate internal control over financial reporting. TI’s
internal control system was designed to provide reasonable assurance to our management and board of directors regarding
the reliability of financial reporting and the preparation and fair presentation of financial statements issued for external
purposes in accordance with generally accepted accounting principles.
All internal control systems, no matter how well designed, have inherent limitations and may not prevent or detect
misstatements. Therefore, even those systems determined to be effective can only provide reasonable assurance with
respect to financial reporting reliability and financial statement preparation and presentation.
TI management assessed the effectiveness of internal control over financial reporting as of December 31, 2006. In making this
assessment, we used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (the
COSO criteria) in Internal Control –Integrated Framework. Based on our assessment, we believe that, as of December 31,
2006, our internal control over financial reporting is effective based on the COSO criteria.
TI’s independent registered public accounting firm, Ernst & Young LLP, has issued an audit report on our assessment of
internal control over financial reporting, which immediately follows this report.
REPORT BY MANAGEMENT ON INTERNAL CONTROL OVER FINANCIAL REPORTING