Huntington National Bank 2009 Annual Report Download - page 138

REP
O
RT
O
F INDEPENDENT RE
G
I
S
TERED P
U
BLI
C
A
CCOU
NTIN
G
FIRM
To the Board of Directors and
S
hareholders o
f
Hunt
i
n
g
ton Bancs
h
ares Incorporate
d
Co
l
um
b
us
,
O
hi
o
We
h
ave au
di
te
d
t
h
e
i
nterna
l
contro
l
over
fi
nanc
i
a
l
report
i
n
g
o
f
Hunt
i
n
g
ton Bancs
h
ares Incorporate
d
an
d
su
b
s
idi
ar
i
es (t
h
e “Compan
y
”) as o
f
Decem
b
er 31, 2009,
b
ase
d
on cr
i
ter
i
aesta
bli
s
h
e
din
Interna
lC
ontro
l
—
I
nte
g
rated Framewor
k
issued b
y
the Committee of Sponsorin
g
Or
g
anizations of the Treadwa
y
Commission. The
Compan
y
’s mana
g
ement
i
srespons
ibl
e
f
or ma
i
nta
i
n
i
n
g
e
ff
ect
i
ve
i
nterna
l
contro
l
over
fi
nanc
i
a
l
report
i
n
g
an
df
o
r
i
ts assessment o
f
t
h
ee
ff
ect
i
veness o
fi
nterna
l
contro
l
over
fi
nanc
i
a
l
report
i
n
g
,
i
nc
l
u
d
e
di
nt
h
e accompan
yi
n
g
Report o
f
Mana
g
ement’s Assessment o
f
Interna
l
Contro
l
Over F
i
nanc
i
a
l
Report
i
n
g
. Our respons
ibili
t
yi
st
o
express an opinion on the Compan
y
’s internal control over financial reportin
g
based on our audit
.
We conducted our audit in accordance with the standards of the Public Compan
y
Accountin
g
Oversi
g
ht
Boar
d
(Un
i
te
d
States). T
h
ose stan
d
ar
d
s requ
i
re t
h
at we p
l
an an
d
per
f
orm t
h
eau
di
ttoo
b
ta
i
n reasona
bl
e
assurance a
b
out w
h
et
h
er e
ff
ect
i
ve
i
nterna
l
contro
l
over
fi
nanc
i
a
l
report
i
n
g
was ma
i
nta
i
ne
di
na
ll
mater
i
a
l
respects. Our au
di
t
i
nc
l
u
d
e
d
o
b
ta
i
n
i
n
g
an un
d
erstan
di
n
g
o
fi
nterna
l
contro
l
over
fi
nanc
i
a
l
report
i
n
g
, assess
i
n
g
the risk that a material weakness exists, testin
g
and evaluatin
g
the desi
g
n and operatin
g
effectiveness of
i
nterna
l
contro
lb
ase
d
on t
h
e assesse
d
r
i
s
k
,an
d
per
f
orm
i
n
g
suc
h
ot
h
er proce
d
ures as we cons
id
ere
d
necessar
y
i
nt
h
ec
i
rcumstances. We
b
e
li
eve t
h
at our au
di
t
p
rov
id
es a reasona
bl
e
b
as
i
s
f
or our o
pi
n
i
on
.
Acompan
y
’s
i
nterna
l
contro
l
over
fi
nanc
i
a
l
report
i
n
gi
s a process
d
es
ig
ne
dby
,orun
d
er t
h
esuperv
i
s
i
on o
f,
t
h
ecompan
y
’s pr
i
nc
i
pa
l
execut
i
ve an
d
pr
i
nc
i
pa
lfi
nanc
i
a
l
o
ffi
cers, or persons per
f
orm
i
n
g
s
i
m
il
ar
f
unct
i
ons, an
d
effected b
y
the compan
y
’s board of directors, mana
g
ement, and other personnel to provide reasonable assuranc
e
re
g
ar
di
n
g
t
h
ere
li
a
bili
t
y
o
ffi
nanc
i
a
l
report
i
n
g
an
d
t
h
epreparat
i
on o
ffi
nanc
i
a
l
statements
f
or externa
l
purposes
in
accor
d
ance w
i
t
hg
enera
lly
accepte
d
account
i
n
g
pr
i
nc
i
p
l
es. A compan
y
’s
i
nterna
l
contro
l
over
fi
nanc
i
a
l
report
i
n
g
includes those
p
olicies and
p
rocedures that (1)
p
ertain to the maintenance of records that, in reasonable detail
,
accurate
ly
an
df
a
i
r
ly
re
fl
ect t
h
e transact
i
ons an
ddi
spos
i
t
i
ons o
f
t
h
eassetso
f
t
h
ecompan
y
;(2)prov
id
ereasona
bl
e
assurance t
h
at transact
i
ons are recor
d
e
d
as necessar
y
to perm
i
t preparat
i
on o
ffi
nanc
i
a
l
statements
i
naccor
d
ance
w
i
t
hg
enera
lly
accepte
d
account
i
n
g
pr
i
nc
i
p
l
es, an
d
t
h
at rece
i
pts an
d
expen
di
tures o
f
t
h
ecompan
y
are
b
e
i
n
g
ma
de
onl
y
in accordance with authorizations of mana
g
ement and directors of the compan
y
; and (3) provide reasonabl
e
assurance re
g
ar
di
n
g
prevent
i
on or t
i
me
ly d
etect
i
on o
f
unaut
h
or
i
ze
d
acqu
i
s
i
t
i
on, use, or
di
spos
i
t
i
on o
f
t
h
e
compan
y
’s assets t
h
at cou
ld h
aveamater
i
a
l
e
ff
ect on t
h
e
fi
nanc
i
a
l
statements.
Because o
f
t
h
e
i
n
h
erent
li
m
i
tat
i
ons o
fi
nterna
l
contro
l
over
fi
nanc
i
a
l
report
i
n
g
,
i
nc
l
u
di
n
g
t
h
e poss
ibili
t
y
o
f
collusion or improper mana
g
ement override of controls, material misstatements due to error or fraud ma
y
no
t
be prevented or detected on a timel
y
basis. Also, pro
j
ections of an
y
evaluation of the effectiveness of the
i
nterna
l
contro
l
over
fi
nanc
i
a
l
report
i
n
g
to
f
uture per
i
o
d
s are su
bj
ect to t
h
er
i
s
k
t
h
at t
h
e contro
l
sma
yb
ecom
e
i
na
d
equate
b
ecause o
f
c
h
an
g
es
i
n con
di
t
i
ons, or t
h
at t
h
e
d
e
g
ree o
f
comp
li
ance w
i
t
h
t
h
epo
li
c
i
es or proce
d
ures
ma
y
deteriorate.
In our opinion, the Compan
y
maintained, in all material respects, effective internal control over financia
l
reportin
g
as of December 31, 2009, based on the criteria established i
n
Internal Control — Inte
g
rated
Frame
w
or
k
i
ssue
dby
t
h
e Comm
i
ttee o
f
Sponsor
i
n
g
Or
g
an
i
zat
i
ons o
f
t
h
e Trea
d
wa
y
Comm
i
ss
i
on.
We
h
ave a
l
so au
di
te
d
,
i
n accor
d
ance w
i
t
h
t
h
estan
d
ar
d
so
f
t
h
ePu
bli
cCompan
y
Account
i
n
g
Overs
igh
tBoar
d
(Un
i
te
d
States), t
h
econso
lid
ate
dfi
nanc
i
a
l
statements as o
f
an
df
or t
h
e
y
ear en
d
e
d
Decem
b
er 31, 2009 o
f
t
h
e
Compan
y
and our report dated Februar
y
18, 2010 expressed an unqualified opinion on those financial statements
.
Co
l
um
b
us
,
O
hio
Fe
b
ruar
y
18, 2010
1
30