Chevron 2004 Annual Report Download - page 49
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Please find page 49 of the 2004 Chevron annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.CHEVRONTEXACO CORPORATION 2004 ANNUAL REPORT 47
TotheStockholdersofChevronTexacoCorporation
ManagementofChevronTexacoisresponsibleforpreparingtheaccompanyingConsolidatedFinancialStatementsandtherelatedinfor-
mationappearinginthisreport.ThestatementswerepreparedinaccordancewithaccountingprinciplesgenerallyacceptedintheUnited
StatesofAmericaandfairlyrepresentthetransactionsandfinancialpositionofthecompany.Thefinancialstatementsincludeamounts
thatarebasedonmanagement’sbestestimatesandjudgment.
TheindependentregisteredpublicaccountingfirmPricewaterhouseCoopersLLPhasauditedthecompany’sconsolidatedfinancial
statementsinaccordancewiththestandardsofthePublicCompanyAccountingOversightBoard(UnitedStates),asstatedintheirreport
includedherein.
TheBoardofDirectorsofChevronTexacohasanAuditCommitteecomposedofdirectorswhoarenotofficersoremployeesofthe
company.TheAuditCommitteemeetsregularlywithmembersofmanagement,theinternalauditorsandtheindependentregisteredpublic
accountingfirmtoreviewaccounting,internalcontrol,auditingandfinancialreportingmatters.Boththeinternalauditorsandtheindepen-
dentregisteredpublicaccountingfirmhavefreeanddirectaccesstotheAuditCommitteewithoutthepresenceofmanagement.
Thecompany’smanagementisresponsibleforestablishingandmaintainingadequateinternalcontroloverfinancialreporting,assuch
termisdefinedinExchangeActRule13a–15(f).Thecompany’smanagement,includingtheChiefExecutiveOfficerandChiefFinancial
Officer,conductedanevaluationoftheeffectivenessofitsinternalcontroloverfinancialreportingbasedontheInternalControl–Integrated
FrameworkissuedbytheCommitteeofSponsoringOrganizationsoftheTreadwayCommission.Basedontheresultsofthisevaluation,the
company’smanagementconcludedthatitsinternalcontroloverfinancialreportingwaseffectiveasofDecember31,2004.
Thecompanymanagement’sassessmentoftheeffectivenessofitsinternalcontroloverfinancialreportingasofDecember31,2004,
hasbeenauditedbyPricewaterhouseCoopersLLP,anindependentregisteredpublicaccountingfirm,asstatedinitsreportwhichis
includedherein.
DAVID J. O’REILLY STEPHEN J. CROWE MARK A. HUMPHREY
ChairmanoftheBoard VicePresident VicePresident
andChiefExecutiveOfficer andChiefFinancialOfficer andComptroller
March2,2005