Sunoco 2008 Annual Report Download - page 66

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Management’s Report on Internal Control Over Financial Reporting
Management of the Company is responsible for establishing and maintaining adequate internal control over
financial reporting, as defined in Rules 13a-15(f) and 15d-15(f) under the Securities Exchange Act of 1934, as
amended. The Company’s internal control over financial reporting is designed to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of financial statements in accordance with U.S.
generally accepted accounting principles.
The Company’s management assessed the effectiveness of the Company’s internal control over financial
reporting as of December 31, 2008. In making this assessment, the Company’s management used the criteria set
forth in Internal Control—Integrated Framework issued by the Committee of Sponsoring Organizations of the
Treadway Commission (the “COSO criteria”).
Based on this assessment, management believes that, as of December 31, 2008, the Company’s internal
control over financial reporting is effective based on the COSO criteria. Ernst & Young LLP, the Company’s
independent registered public accounting firm, has issued an audit report on the effectiveness of the Company’s
internal control over financial reporting as of December 31, 2008, which appears on page 59.
Lynn L. Elsenhans
Chairman, Chief Executive Officer and President
Terence P. Delaney
Interim Chief Financial Officer
58