AbbVie 2013 Annual Report Download - page 106
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Management’s Report on Internal Control over Financial Reporting
Management of AbbVie is responsible for establishing and maintaining adequate internal control
over financial reporting, as such term is defined in Rule 13a-15(f) under the Securities Exchange Act of
1934. AbbVie’s internal control over financial reporting is designed to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of financial statements for external
purposes in accordance with generally accepted accounting principles in the United States. However, 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 reporting.
Management assessed the effectiveness of AbbVie’s internal control over financial reporting as of
December 31, 2013. In making this assessment, management used the criteria set forth by the
Committee of Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control-
Integrated Framework (1992 framework). Based on that assessment, management concluded that AbbVie
maintained effective internal control over financial reporting as of December 31, 2013, based on the
COSO criteria.
The effectiveness of AbbVie’s internal control over financial reporting as of December 31, 2013
has been audited by Ernst & Young LLP, an independent registered public accounting firm, as stated in
their attestation report appearing on page 103 hereof, which expresses an unqualified opinion on the
effectiveness of AbbVie’s internal control over financial reporting as of December 31, 2013.
102