Cardinal Health 2015 Annual Report Download - page 41

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Reports
Cardinal Health | Fiscal 2015 Form 10-K 40
Management Reports
Evaluation of Disclosure Controls and Procedures
We evaluated, with the participation of our principal executive officer and principal financial officer, the effectiveness of our disclosure controls
and procedures (as defined in Rule 13a-15(e) under the Securities Exchange Act of 1934 (the "Exchange Act")) as of June 30, 2015. Based
on this evaluation, our principal executive officer and principal financial officer have concluded that our disclosure controls and procedures
were effective as of June 30, 2015 to provide reasonable assurance that information required to be disclosed in our reports under the Exchange
Act is recorded, processed, summarized and reported within the time periods specified in the SEC rules and forms and that such information
is accumulated and communicated to management as appropriate to allow timely decisions regarding required disclosure.
Management’s Report on Internal Control Over Financial Reporting
Management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rule 13a-15(f)
under the Exchange Act. Our internal control system 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. Because of
its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also controls deemed effective now
may become inadequate in the future because of changes in conditions, or because compliance with the policies or procedures has deteriorated
or been circumvented.
Management assessed the effectiveness of our internal control over financial reporting as of June 30, 2015. In making this assessment,
management used the criteria established in the Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations
of the Treadway Commission (2013 framework) (the “COSO criteria”). Based on management’s assessment and the COSO criteria,
management believes that our internal control over financial reporting was effective as of June 30, 2015.
Our independent registered public accounting firm, Ernst & Young LLP, has issued a report on our internal control over financial reporting.
Ernst & Young LLP’s report appears following this "Management Reports" section and expresses an unqualified opinion on the effectiveness
of our internal control over financial reporting.
Changes in Internal Control Over Financial Reporting
There were no changes in our internal control over financial reporting during the quarter ended June 30, 2015 that have materially affected,
or are reasonably likely to materially affect, our internal control over financial reporting.