US Postal Service 2015 Annual Report Download - page 62

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2015 Report on Form 10-K United States Postal Service 60
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING
AND FINANCIAL DISCLOSURE
None.
ITEM 9A. CONTROLS AND PROCEDURES
Disclosure Controls and Procedures
We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in quarterly
and annual reports is recorded, processed, summarized and reported within the time frames specified by PAEA and that this
information is accumulated and communicated to management, including the Postmaster General and Chief Financial Officer,
as appropriate, to allow timely decisions regarding required disclosure.
We carried out an evaluation, under the supervision and with the participation of management, including the Postmaster
General and Chief Financial Officer, of the effectiveness of the design and operation of disclosure controls and procedures as
of September 30, 2015. Based upon and as of the date of the evaluation, the Postmaster General and Chief Financial Officer
concluded that our disclosure controls and procedures were effective.
Changes in Internal Control Over Financial Reporting
There were no changes in the Postal Service’s internal controls over financial reporting during the quarter ended September 30,
2015, that have materially affected, or are reasonably likely to materially affect, the Postal Service’s internal control over
financial reporting.
Management’s Report on Internal Control Over Financial Reporting
Our management is responsible for establishing and maintaining adequate controls over financial reporting. Internal control
over financial reporting is a process to provide reasonable assurance regarding the reliability of our financial reporting for
external purposes in accordance with accounting principles generally accepted in the United States of America. Internal control
over financial reporting includes maintaining records that, in reasonable detail, accurately and fairly reflect our transactions,
providing reasonable assurance that transactions are recorded as necessary for the preparation of our financial statements,
providing reasonable assurance that receipts and expenditures of assets are made in accordance with management authorization
and providing reasonable assurance that unauthorized acquisition, use, or disposition of assets that could have a material effect
on our financial statements would be prevented or detected on a timely basis. Because of its inherent limitations, internal
control over financial reporting is not intended to provide absolute assurance that a misstatement of our financial statements
would be prevented or detected.
Management conducted an evaluation of the effectiveness of our internal control over financial reporting based on the
framework in Internal Control – Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the
Treadway Commission. Based on this evaluation, management concluded that our internal control over financial reporting
was effective as of September 30, 2015.
Report of Independent Registered Public Accounting Firm
Our independent registered public accounting firm has issued a report on the effectiveness of our internal control over financial
reporting, which is below.