Johnson and Johnson 2015 Annual Report Download - page 93

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Item 9. Changes in and Disagreements with Accountants on Accounting
and Financial Disclosure
Not applicable.
Item 9A. Controls and Procedures
Disclosure Controls and Procedures. At the end of the period covered by this Report, the Company evaluated the
effectiveness of the design and operation of its disclosure controls and procedures. The Company’s disclosure controls
and procedures are designed to ensure that information required to be disclosed by the Company in the reports that it
files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods
specified in the SEC’s rules and forms. Disclosure controls and procedures include, without limitation, controls and
procedures designed to ensure that information required to be disclosed by the Company in the reports that it files or
submits under the Exchange Act is accumulated and communicated to the Company’s management, including its principal
executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions
regarding required disclosure. Alex Gorsky, Chairman and Chief Executive Officer, and Dominic J. Caruso, Vice President,
Finance and Chief Financial Officer, reviewed and participated in this evaluation. Based on this evaluation, Messrs. Gorsky
and Caruso concluded that, as of the end of the period covered by this Report, the Company’s disclosure controls and
procedures were effective
Reports on Internal Control Over Financial Reporting. The information called for by this item is incorporated herein by
reference to “Management’s Report on Internal Control Over Financial Reporting”, and the attestation regarding internal
controls over financial reporting included in the “Report of Independent Registered Public Accounting Firm” included in
Item 8 of this Report.
Changes in Internal Control Over Financial Reporting. During the fiscal quarter ended January 3, 2016, there were no
changes in the Company’s internal control over financial reporting identified in connection with the evaluation required
under Rules 13a-15 and 15d-15 under the Exchange Act that have materially affected, or are reasonably likely to
materially affect, the Company’s internal control over financial reporting.
The Company is implementing a multi-year, enterprise-wide initiative to integrate, simplify and standardize processes and
systems for the human resources, information technology, procurement, supply chain and finance functions. These are
enhancements to support the growth of the Company’s financial shared service capabilities and standardize financial
systems. This initiative is not in response to any identified deficiency or weakness in the Company’s internal control over
financial reporting. In response to this initiative, the Company has and will continue to align and streamline the design and
operation of its financial control environment.
Item 9B. Other Information
Not applicable.
Johnson & Johnson 2015 Annual Report •81