E-Z-GO 2014 Annual Report Download - page 44

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Report of Management
Management is responsible for the integrity and objectivity of the financial data presented in this Annual Report on Form 10-K.
The Consolidated Financial Statements have been prepared in conformity with U.S. generally accepted accounting principles and
include amounts based on management’s best estimates and judgments. Management also is responsible for establishing and
maintaining adequate internal control over financial reporting for Textron Inc. as such term is defined in Exchange Act Rules 13a-
15(f). With the participation of our management, we conducted an evaluation of the effectiveness of our internal control over
financial reporting based on criteria established in Internal Control – Integrated Framework issued by the Committee of
Sponsoring Organizations of the Treadway Commission (2013 Framework). Based on our evaluation under the framework in
Internal Control – Integrated Framework, we have concluded that Textron Inc. maintained, in all material respects, effective
internal control over financial reporting as of January 3, 2015.
The independent registered public accounting firm, Ernst & Young LLP, has audited the Consolidated Financial Statements of
Textron Inc. and has issued an attestation report on Textron’s internal controls over financial reporting as of January 3, 2015, as
stated in its reports, which are included herein.
We conduct our business in accordance with the standards outlined in the Textron Business Conduct Guidelines, which are
communicated to all employees. Honesty, integrity and high ethical standards are the core values of how we conduct business.
Every Textron business prepares and carries out an annual Compliance Plan to ensure these values and standards are maintained.
Our internal control structure is designed to provide reasonable assurance, at appropriate cost, that assets are safeguarded and that
transactions are properly executed and recorded. The internal control structure includes, among other things, established policies
and procedures, an internal audit function, and the selection and training of qualified personnel. Textron’s management is
responsible for implementing effective internal control systems and monitoring their effectiveness, as well as developing and
executing an annual internal control plan.
The Audit Committee of our Board of Directors, on behalf of the shareholders, oversees management’s financial reporting
responsibilities. The Audit Committee consists of six directors who are not officers or employees of Textron and meets regularly
with the independent auditors, management and our internal auditors to review matters relating to financial reporting, internal
accounting controls and auditing.
Scott C. Donnelly
Frank T. Connor
Chairman, President and Chief Executive Officer
Executive Vice President and Chief Financial Officer
February 25, 2015
38
/s/ Scott C. Donnelly /s/ Frank T. Connor
Textron Inc. Annual Report • 2014