DuPont 2010 Annual Report Download - page 61

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15FEB201017411804 15FEB201017413206
Management’s Reports on Responsibility for Financial Statements and
Internal Control over Financial Reporting
Management’s Report on Responsibility for Financial Statements
Management is responsible for the Consolidated Financial Statements and the other financial information contained in
this Annual Report on Form 10-K. The financial statements have been prepared in accordance with generally accepted
accounting principles in the United States of America (GAAP) and are considered by management to present fairly the
company’s financial position, results of operations and cash flows. The financial statements include some amounts that
are based on management’s best estimates and judgments. The financial statements have been audited by the
company’s independent registered public accounting firm, PricewaterhouseCoopers LLP. The purpose of their audit is
to express an opinion as to whether the Consolidated Financial Statements included in this Annual Report on
Form 10-K present fairly, in all material respects, the company’s financial position, results of operations and cash flows
in conformity with GAAP. Their report is presented on the following page.
Management’s Report on Internal Control over Financial Reporting
Management is responsible for establishing and maintaining an adequate system of internal control over financial
reporting as defined in Rules 13a-15(f) and 15d-15(f) under the Securities Exchange Act of 1934. The company’s
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 purposes in accordance with GAAP. The
company’s internal control over financial reporting includes those policies and procedures that:
i. pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions
and dispositions of the assets of the company;
ii. provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial
statements in accordance with generally accepted accounting principles and that receipts and expenditures
of the company are being made only in accordance with authorization of management and directors of the
company; and
iii. provide reasonable assurance regarding prevention or timely detection of unauthorized acquisitions, use or
disposition of the company’s assets that could have a material effect on the financial statements.
Internal control over financial reporting has certain inherent limitations which may not prevent or detect misstatements.
In addition, changes in conditions and business practices may cause variation in the effectiveness of internal controls.
Management assessed the effectiveness of the company’s internal control over financial reporting as of December 31,
2010, based on criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (COSO)
in Internal Control-Integrated Framework. Based on its assessment and those criteria, management concluded that the
company maintained effective internal control over financial reporting as of December 31, 2010.
PricewaterhouseCoopers LLP, an independent registered public accounting firm, has audited the effectiveness of the
company’s internal control over financial reporting as of December 31, 2010, as stated in their report, which is
presented on the following page.
Ellen J. Kullman Nicholas C. Fanandakis
Chair of the Board and Executive Vice President
Chief Executive Officer and Chief Financial Officer
February 8, 2011
F-2