Whirlpool 2007 Annual Report Download - page 121

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MANAGEMENT’S REPORT ON INTERNAL CONTROL
OVER FINANCIAL REPORTING
The management of Whirlpool Corporation is responsible for establishing and maintaining adequate
internal control over financial reporting as defined in Rules 13a – 15(f) and 15d – 15(f) under the Securities
Exchange Act of 1934. Whirlpool’s internal control system is designed to provide reasonable assurance
to Whirlpool’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 Whirlpool’s internal control over
financial reporting as of December 31, 2007. 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 Whirlpool maintained effective internal control over financial reporting as of December 31, 2007.
Whirlpool’s independent registered public accounting firm has issued an audit report on its
assessment of Whirlpool’s internal control over financial reporting. This report appears on page 121.
Jeff M. Fettig
Chairman of the Board and Chief Executive Officer
February 22, 2008
Roy W. Templin
Executive Vice President and Chief Financial Officer
February 22, 2008
REPORTS OF MANAGEMENT P.119