Whirlpool 2015 Annual Report Download - page 51

Download and view the complete annual report

Please find page 51 of the 2015 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 58

  • 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

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, 2015. 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 (2013 Framework). Based on the assessment
and those criteria, management believes that Whirlpool maintained effective internal control over financial reporting as of
December 31, 2015.
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 51.
Jeff M. Fettig Larry M. Venturelli
Chairman of the Board and Executive Vice President and
Chief Executive Officer Chief Financial Officer
February 16, 2016 February 16, 2016
FINANCIAL SUMMARY
48 49