Huntington National Bank 2005 Annual Report Download - page 98

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REPORT OF MANAGEMENT HUNTINGTON BANCSHARES INCORPORATED
The management of Huntington (the Company) is responsible for the financial information and representations contained in the
consolidated financial statements and other sections of this report. The consolidated financial statements have been prepared in
conformity with accounting principles generally accepted in the United States. In all material respects, they reflect the substance
of transactions that should be included based on informed judgments, estimates, and currently available information.
Management maintains a system of internal accounting controls, which includes the careful selection and training of qualified
personnel, appropriate segregation of responsibilities, communication of written policies and procedures, and a broad program of
internal audits. The costs of the controls are balanced against the expected benefits. During 2005, the audit committee of the
board of directors met regularly with Management, Huntington’s internal auditors, and the independent registered public
accounting firm, Deloitte & Touche LLP, to review the scope of the audits and to discuss the evaluation of internal accounting
controls and financial reporting matters. The independent registered public accounting firm and the internal auditors have free
access to, and meet confidentially with, the audit committee to discuss appropriate matters. Also, Huntington maintains a
disclosure review committee. This committee’s purpose is to design and maintain disclosure controls and procedures to ensure
that material information relating to the financial and operating condition of Huntington is properly reported to its chief
executive officer, chief financial officer, internal auditors, and the audit committee of the board of directors in connection with
the preparation and filing of periodic reports and the certification of those reports by the chief executive officer and the chief
financial officer.
REPORT ON MANAGEMENT’S ASSESSMENT OF INTERNAL CONTROL OVER FINANCIAL REPORTING
Management is responsible for establishing and maintaining adequate internal control over financial reporting for the Company,
including accounting and other internal control systems that, in the opinion of Management, provide reasonable assurance that
(1) transactions are properly authorized, (2) the assets are properly safeguarded, and (3) transactions are properly recorded and
reported to permit the preparation of the financial statements in conformity with accounting principles generally accepted in the
United States.
Huntington’s management assessed the effectiveness of the Company’s internal control over financial reporting as of
December 31, 2005. In making this assessment, Management used the criteria set forth by the Committee of Sponsoring
Organizations of the Treadway Commission (COSO) in Internal Control — Integrated Framework. Based on that assessment,
Management believes that, as of December 31, 2005, the Company’s internal control over financial reporting is effective based on
those criteria. Deloitte & Touche LLP, the Company’s independent registered public accounting firm, has issued an attestation
report on Management’s assessment of the Company’s internal control over financial reporting.
Thomas E. Hoaglin
Chairman, President and Chief Executive Officer
Donald R. Kimble
Executive Vice President, Chief Financial Officer and Controller
February 14, 2006
96