Boeing 2005 Annual Report Download - page 89

Report of Management
To the Shareholders of The Boeing Company:
The accompanying consolidated financial statements of The
Boeing Company and subsidiaries have been prepared by
management who are responsible for their integrity and objec-
tivity. The statements have been prepared in conformity with
accounting principles generally accepted in the United States
of America and include amounts based on management’s best
estimates and judgments. Financial information elsewhere in this
Annual Report is consistent with that in the financial statements.
Management has established and maintains a system of inter-
nal control designed to provide reasonable assurance regarding
the reliability of financial reporting and the presentation of finan-
cial statements in accordance with accounting principles
generally accepted in the United States of America, and has
concluded that this system of internal control was effective as
of December 31, 2005. In addition, management also has
established and maintains a system of disclosure controls
designed to provide reasonable assurance that information
required to be disclosed is accumulated and reported in an
accurate and timely manner. The system of internal control and
disclosure control include widely communicated statement of
policies and business practices which are designed to require
all employees to maintain high ethical standards in the conduct
of Company affairs. The internal controls and disclosure
controls are augmented by organizational arrangements that
Regulatory Certifications
The Boeing Company submitted a Section 12(a) CEO
Certification to the New York Stock Exchange in 2005 and,
separately, the Company filed Section 302 CEO and CFO
certifications with the U.S. Securities and Exchange
Commission as exhibits to its Annual Report on Form 10-K
for the year ended December 31, 2005.
provide for appropriate delegation of authority and division of
responsibility and by a program of internal audit with manage-
ment follow-up.
The Audit Committee of the Board of Directors, composed
entirely of outside directors, meets periodically with the inde-
pendent certified public accountants, management and internal
auditors to review accounting, auditing, internal accounting
controls, litigation and financial reporting matters. The independ-
ent certified public accountants and the internal auditors have
free access to this committee without management present.
James A. Bell
Executive Vice President, Finance
and Chief Financial Officer
W. James McNerney, Jr.
Chairman, President and
Chief Executive Officer
The Boeing Company and Subsidiaries 87