Huntington National Bank 2011 Annual Report Download - page 130

REPORT OF MANAGEMENT
The Management of Huntington Bancshares Incorporated (Huntington or 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 2011, 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 OF 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
Consolidated 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, 2011. 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, 2011, the Company’s
internal control over financial reporting is effective based on those criteria. The Company’s internal control over
financial reporting as of December 31, 2011 has been audited by Deloitte & Touche LLP, an independent
registered public accounting firm, as stated in their report appearing on the next page.
Stephen D. Steinour — Chairman, President, and Chief Executive Officer
Donald R. Kimble — Senior Executive Vice President and Chief Financial Officer
February 17, 2012
116