United Airlines 2015 Annual Report Download - page 113

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
February 18, 2016
To the Stockholders of United Continental Holdings, Inc.
Chicago, Illinois
The management of United Continental Holdings, Inc. (“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 acting Chief Executive Officer and acting Chief Financial Officer, we
conducted an evaluation of the design and operating effectiveness of our internal control over financial reporting as of December 31, 2015. In making this
assessment, management used the framework set forth in Internal Control—Integrated Framework (2013 Framework) issued by the Committee of the
Sponsoring Organizations of the Treadway Commission. Based on this evaluation, our acting Chief Executive Officer and acting Chief Financial Officer
concluded that our internal control over financial reporting was effective as of December 31, 2015.
Our independent registered public accounting firm, Ernst & Young 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.

February 18, 2016
To the Stockholder of United Airlines, Inc.
Chicago, Illinois
The management of United Airlines, Inc. (“United”) is responsible for establishing and maintaining adequate internal control over financial reporting, as such
term is defined in Exchange Act Rules 13a-15(f). United’s 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, our 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 United’s acting Chief Executive Officer and acting Chief Financial Officer,
United conducted an evaluation of the design and operating effectiveness of our internal control over financial reporting as of December 31, 2015. In making
this assessment, management used the framework set forth in Internal Control—Integrated Framework (2013 Framework) issued by the Committee of the
Sponsoring Organizations of the Treadway Commission. Based on this evaluation, United’s acting Chief Executive Officer and acting Chief Financial Officer
concluded that its internal control over financial reporting was effective as of December 31, 2015.
This annual report does not include an attestation report of United’s registered public accounting firm regarding internal control over financial reporting.
Management’s report was not subject to attestation by United’s registered public accounting firm pursuant to the rules of the Securities and Exchange
Commission that permit United to provide only management’s report in this annual report.
112
Source: United Continental Holdings, Inc., 10-K, February 18, 2016 Powered by Morningstar® Document Research℠
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