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54 UNITED TECHNOLOGIES CORPORATION
Management’s Report on Internal Control
over Financial Reporting
The management of UTC is responsible for establishing and main-
taining adequate internal control over financial reporting. Internal
control over financial reporting is a process designed to provide
reasonable assurance regarding the reliability of financial reporting
and the preparation of financial statements for external reporting
purposes in accordance with accounting principles generally
accepted in the United States of America. Because of its inherent
limitations, internal control over financial reporting may not prevent
or detect misstatements. Management has assessed the effective-
ness of UTC’s internal control over financial reporting as of
December 31, 2012. In making its assessment, management has
utilized the criteria set forth by the Committee of Sponsoring Orga-
nizations of the Treadway Commission in its Internal Control—
Integrated Framework, released in 1992.Management concluded
that based on its assessment, UTC’s internal control over financial
reporting was effective as of December 31, 2012. The effectiveness
of UTC’s internal control over financial reporting, as of
December 31, 2012, has been audited by PricewaterhouseCoopers
LLP, an independent registered public accounting firm, as stated in
their report which is included herein.
Louis R. Chênevert
Chairman & Chief Executive Officer
Gregory J. Hayes
Senior Vice President and Chief Financial Officer
Peter F. Longo
Vice President, Controller