Union Pacific 2009 Annual Report Download - page 95

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95
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
None.
Item 9A. Controls and Procedures
As of the end of the period covered by this report, the Corporation carried out an evaluation, under the
supervision and with the participation of the Corporation’ s management, including the Corporation’ s
Chief Executive Officer (CEO) and Executive Vice President – Finance and Chief Financial Officer
(CFO), of the effectiveness of the design and operation of the Corporation’ s disclosure controls and
procedures pursuant to Exchange Act Rules 13a-15 and 15d-15. In designing and evaluating the
disclosure controls and procedures, management recognized that any controls and procedures, no matter
how well designed and operated, can provide only reasonable assurance of achieving the desired control
objectives. Based upon that evaluation, the CEO and the CFO concluded that, as of the end of the period
covered by this report, the Corporation’ s disclosure controls and procedures were effective to provide
reasonable assurance that information required to be disclosed in our Exchange Act reports is recorded,
processed, summarized and reported within the time periods specified by the SEC, and that such
information is accumulated and communicated to management, including the CEO and CFO, as
appropriate, to allow timely decisions regarding required disclosure.
Additionally, the CEO and CFO determined that there have been no changes to the Corporation’ s internal
control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) during the
last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the
Corporation’ s internal control over financial reporting.