Eversource 2008 Annual Report Download - page 46

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45
COMPANY REPORT ON INTERNAL CONTROLS
OVER FINANCIAL REPORTING
Management is responsible for the preparation, integrity, and fair presentation of the accompanying consolidated financial statements of Northeast
Utilities and subsidiaries (NU or the Company) and of other sections of this annual report. NU’s internal controls over financial reporting were audited
by Deloitte & Touche LLP.
Management is responsible for establishing and maintaining adequate internal controls over financial reporting. The Company’s internal control
framework and processes have been 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. There are inherent limitations of internal controls
over financial reporting that could allow material misstatements due to error or fraud to occur and not be prevented or detected on a timely basis by
employees during the normal course of business. Additionally, internal controls over financial reporting may become inadequate in the future due to
changes in the business environment.
Under the supervision and with the participation of the principal executive ocer and principal financial ocer, NU conducted an evaluation of
the eectiveness of internal controls over financial reporting based on criteria established in Internal Control – Integrated Framework issued by the
Committee of Sponsoring Organizations of the Treadway Commission (COSO). Based on this evaluation under the framework in COSO, management
concluded that internal controls over financial reporting were eective as of December31, 2008.
February 27, 2009