Texas Instruments 2012 Annual Report Download - page 39

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ANNUAL
REPORT
TEXAS INSTRUMENTS 2012 ANNUAL REPORT • 37
Report by management on internal control over financial reporting
The management of TI is responsible for establishing and maintaining effective internal control over financial reporting. TI’s internal
control system was designed to provide reasonable assurance 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.
There has been no change in our internal control over financial reporting (as defined in Rule 13a-15(f) and 15d-15(f) under the
Securities Exchange Act of 1934) that occurred during the fourth quarter of 2012 that has materially affected, or is reasonably likely to
materially affect, our internal control over financial reporting.
All internal control systems, no matter how well designed, have inherent limitations and may not prevent or detect misstatements. Also,
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.
TI management assessed the effectiveness of internal control over financial reporting as of December 31, 2012. 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, 2012, 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 the effectiveness of our internal
control over financial reporting, which immediately follows this report.