Amgen 2007 Annual Report Download - page 103
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Management’s Report on Internal Control over Financial Reporting
Management of the Company 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. The
Company’s internal control over financial reporting is designed to provide reasonable assurance regarding the re-
liability 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 the Company’s internal control over financial reporting as of De-
cember 31, 2007. 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.
Based on our assessment, management believes that the Company maintained effective internal control over fi-
nancial reporting as of December 31, 2007, based on those criteria.
The effectiveness of the Company’s internal control over financial reporting has been audited by Ernst &
Young LLP, an independent registered public accounting firm, as stated in their report appearing below, which
expresses an unqualified opinion on the effectiveness of the Company’s internal control over financial reporting
as of December 31, 2007.
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