Whirlpool 2005 Annual Report Download - page 36

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32 Whirlpool Corporation
The management of Whirlpool Corporation is responsible
for establishing and maintaining adequate internal control
over financial reporting. Whirlpool’s internal control
system is designed to provide reasonable assurance to the
Company’s management and board of directors regarding
the reliability of financial reporting and the preparation
and fair presentation of published financial statements.
All internal control systems, no matter how well
designed, have inherent limitations. Therefore, even
those systems determined to be effective can provide only
reasonable assurance with respect to financial statement
preparation and presentation.
The management of Whirlpool assessed the effectiveness
of the Company’s internal control over financial reporting
as of December 31, 2005. In making this assessment, it
used the criteria set forth by the Committee of Sponsoring
Organizations of the Treadway Commission (COSO) in
Internal Control—Integrated Framework. Based on our
assessment and those criteria, management believes that
the Company maintained effective internal control over
financial reporting as of December 31, 2005.
Whirlpool Corporation’s independent registered
public accounting firm has issued an audit report on our
assessment of the Company’s internal control over financial
reporting. This report appears on page 33.
Jeff M. Fettig
Chairman of the Board and Chief Executive Officer
February 28, 2006
Roy W. Templin
Executive Vice President and Chief Financial Officer
February 28, 2006
Management’s Report on Internal Control
Over Financial Reporting