McKesson 2014 Annual Report Download - page 57

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McKESSON CORPORATION
54
MANAGEMENT’S ANNUAL REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING
The management of McKesson Corporation is responsible for establishing and maintaining an adequate system of internal
control over financial reporting, as such term is defined in Exchange Act Rules 13a-15(f) and 15d-15(f). With the participation
of the Chief Executive Officer and the Chief Financial Officer, our management conducted an assessment of the effectiveness of
our internal control over financial reporting based on the framework and criteria established in Internal Control - Integrated
Framework (1992), issued by the Committee of Sponsoring Organizations of the Treadway Commission. The scope of
management’s assessment of the effectiveness of our internal control over financial reporting included all of our consolidated
operations except for the operations of Celesio AG, which we acquired on February 6, 2014. This exclusion is in accordance with
the SEC’s general guidance that an assessment of a recently acquired business may be omitted from our scope in the year of
acquisition. Celesio AG constituted 27% of the total assets and 4% of total revenues of the consolidated financial statements of
the Company as of and for the fiscal year ended March 31, 2014. Based on this assessment, our management has concluded that
our internal control over financial reporting was effective as of March 31, 2014.
Deloitte & Touche LLP, an independent registered public accounting firm, audited the financial statements included in this
Annual Report on Form 10-K and has also audited the effectiveness of the Company’s internal control over financial reporting as
of March 31, 2014. This audit report appears on page 56 of this Annual Report on Form 10-K.
May 13, 2014
/s/ John H. Hammergren
John H. Hammergren
Chairman of the Board, President and Chief Executive Officer
(Principal Executive Officer)
/s/ James A. Beer
James A. Beer
Executive Vice President and Chief Financial Officer
(Principal Financial Officer)