Boeing 2006 Annual Report Download - page 84

82 The Boeing Company and Subsidiaries
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
objectivity. The statements have been prepared in conformity
with accounting principles generally accepted in the United
States of America and include amounts based on manage-
ment’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
internal control designed to provide reasonable assurance
regarding the reliability of financial reporting and the presenta-
tion of financial 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, 2006. In addition, management
also has established and maintains a system of disclosure
controls designed to provide reasonable assurance that infor-
mation 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 con-
trols and disclosure controls are augmented by organizational
arrangements that provide for appropriate delegation of author-
ity and division of responsibility and by a program of internal
audit with management 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 inde-
pendent 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
Report of Management
The Boeing Company submitted a Section 12(a) CEO
Certification to the New York Stock Exchange in 2006 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, 2006.
Regulatory Certifications