United Airlines 2008 Annual Report Download - page 145

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UAL Corporation Management Report on Internal Control Over Financial Reporting
March 2, 2009
To the Stockholders of UAL Corporation
Chicago, Illinois
The management of UAL Corporation and subsidiaries (“UAL”) is responsible for establishing and
maintaining adequate internal control over financial reporting, as such term is defined in Exchange Act
Rules 13a-15(f). Our internal control over financial reporting is designed to provide reasonable
assurance regarding the reliability of financial reporting and the preparation of financial statements for
external purposes in accordance with generally accepted accounting principles. Because of its inherent
limitations, internal control over financial reporting 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.
Under the supervision and with the participation of management, including our Chief Executive
Officer and Chief Financial Officer, we conducted an evaluation of the design and operating
effectiveness of our internal control over financial reporting as of December 31, 2008. In making this
assessment, management used the framework set forth in Internal Control—Integrated Framework issued
by the Committee of the Sponsoring Organizations of the Treadway Commission. Based on this
evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our internal controls
over financial reporting were effective as of December 31, 2008.
Our independent registered public accounting firm, Deloitte & Touche LLP, who audited UAL’s
consolidated financial statements included in this Form 10-K, has issued a report on UAL’s internal
control over financial reporting, which is included herein.
145