Union Pacific 2005 Annual Report Download - page 79

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Item 9. Changes in and Disagreements with Accountants on Accounting and Financial
Disclosure
None.
Item 9A. Controls and Procedures
As of the end of the period covered by this report, the Corporation carried out an evaluation, under the
supervision and with the participation of the Corporation’s management, including the Corporation’s Chief
Executive Officer (CEO) and Executive Vice President – Finance and Chief Financial Officer (CFO), of the
effectiveness of the design and operation of the Corporation’s disclosure controls and procedures pursuant to
Exchange Act Rules 13a-15 and 15d-15. In designing and evaluating the disclosure controls and procedures,
management recognized that any controls and procedures, no matter how well designed and operated, can
provide only reasonable assurance of achieving the desired control objectives. Based upon that evaluation, the
CEO and the CFO concluded that, as of the end of the period covered by this report, the Corporation’s disclosure
controls and procedures were effective to provide reasonable assurance that information required to be disclosed
in our Exchange Act reports is recorded, processed, summarized and reported within the time periods specified by
the SEC, and that such information is accumulated and communicated to management, including the CEO and
CFO, as appropriate, to allow timely decisions regarding required disclosure.
Additionally, the CEO and CFO determined that there have been no significant changes to the Corporation’s
internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) during the
last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Corporation’s
internal control over financial reporting.
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