Black & Decker 2014 Annual Report Download - page 64

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50
MANAGEMENT’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING
The management of Stanley Black & Decker, Inc. is responsible for establishing and maintaining adequate internal control over
financial reporting. Internal control over financial reporting is a process designed to provide reasonable assurance regarding the
reliability of financial reporting and the preparation of financial statements for external reporting purposes in accordance with
accounting principles generally accepted in the United States of America. Because of its inherent limitations, internal control
over financial reporting may not prevent or detect misstatements.
Management has assessed the effectiveness of Stanley Black & Decker Inc.’s internal control over financial reporting as of
January 3, 2015. In making its assessment, management has utilized the criteria set forth by the Committee of Sponsoring
Organizations (COSO) of the Treadway Commission in Internal Control — Integrated Framework (2013 Framework).
Management concluded that based on its assessment, Stanley Black & Decker, Inc.’s internal control over financial reporting
was effective as of January 3, 2015. Ernst & Young LLP, Registered Public Accounting Firm included in this annual report, has
issued an attestation report on the registrant’s internal control over financial reporting, a copy of which appears on page 52.
/s/ John F. Lundgren
John F. Lundgren, Chairman and Chief Executive Officer
/s/ Donald Allan Jr.
Donald Allan Jr., Senior Vice President and Chief Financial Officer