Whirlpool 2008 Annual Report Download - page 97

Download and view the complete annual report

Please find page 97 of the 2008 Whirlpool annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 104

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104

 

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, 2008. 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, 2008.
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 97.
Jeff M. Fettig
Chairman of the Board and
Chief Executive Officer
February 19, 2009
Roy W. Templin
Executive Vice President and
Chief Financial Officer
February 19, 2009