American Airlines 2009 Annual Report Download - page 86

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83
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL
DISCLOSURE
None.
ITEM 9A. CONTROLS AND PROCEDURES
Management’s Evaluation of Disclosure Controls and Procedures
The term ―disclosure controls and procedures‖ is defined in Rules 13a-15(e) and 15d-15(e) of the Securities
Exchange Act of 1934, or the Exchange Act. This term refers to the controls and procedures of a company that
are designed to ensure that information required to be disclosed by a company in the reports that it files under the
Exchange Act is recorded, processed, summarized and reported within the time periods specified by the
Securities and Exchange Commission. An evaluation was performed under the supervision and with the
participation of the Company’s management, including the Chief Executive Officer (CEO) and Chief Financial
Officer (CFO), of the effectiveness of the Company’s disclosure controls and procedures as of December 31,
2009. Based on that evaluation, the Company’s management, including the CEO and CFO, concluded that the
Company’s disclosure controls and procedures were effective as of December 31, 2009. During the quarter
ending on December 31, 2009, there was no change in the Company’s internal control over financial reporting that
has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial
reporting.
Management’s Report on Internal Control over Financial Reporting
Management of the Company is responsible for establishing and maintaining effective internal control over
financial reporting as defined in Rule 13a-15(f) under the Securities Exchange Act of 1934. 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 for external purposes in accordance with generally
accepted accounting principles.
Because of its inherent limitations, internal control over financial reporting may not prevent or detect
misstatements. Therefore, even those systems determined to be effective can provide only reasonable assurance
with respect to financial statement preparation and presentation.
Management assessed the effectiveness of the Company’s internal control over financial reporting as of
December 31, 2009 using the criteria set forth in Internal Control — Integrated Framework issued by the
Committee of Sponsoring Organizations of the Treadway Commission. Based on this assessment, management
believes that, as of December 31, 2009, the Company’s internal control over financial reporting was effective
based on those criteria.
The effectiveness of internal control over financial reporting as of December 31, 2009, has been audited by Ernst
& Young LLP, the independent registered public accounting firm who also audited the Company’s consolidated
financial statements. Ernst & Young LLP’s attestation report on the effectiveness of the Company’s internal
control over financial reporting appears below.
/s/ Gerard J. Arpey
Gerard J. Arpey
Chairman, President and Chief Executive Officer
/s/ Thomas W. Horton
Thomas W. Horton
Executive Vice President and Chief Financial Officer