General Motors 2014 Annual Report Download - page 134

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GENERAL MOTORS COMPANY AND SUBSIDIARIES
Disclosure Controls and Procedures
We maintain disclosure controls and procedures designed to provide reasonable assurance that information required to be disclosed
in reports filed under the Securities Exchange Act of 1934, as amended (Exchange Act) is recorded, processed, summarized and
reported within the specified time periods and accumulated and communicated to our management, including our principal executive
officer and principal financial officer, as appropriate to allow timely decisions regarding required disclosure.
Our management, with the participation of our CEO and Executive Vice President and CFO, evaluated the effectiveness of our
disclosure controls and procedures (as defined in Rules 13a-15(e) or 15d-15(e) promulgated under the Exchange Act) at December 31,
2014. Based on these evaluations, our CEO and CFO concluded that our disclosure controls and procedures required by paragraph
(b) of Rules 13a-15 or 15d-15 were effective as of December 31, 2014.
Management’s Report on Internal Control over Financial Reporting
Our management is responsible for establishing and maintaining effective internal control over financial reporting as defined in
Rules 13a-15(f) and 15d-15(f) under the Exchange Act. This system is designed to provide reasonable assurance regarding the
reliability of financial reporting and the preparation of consolidated financial statements for external purposes in accordance with U.S.
GAAP. Because of the inherent limitations of internal control over financial reporting, including the possibility of collusion or
improper management override of controls, misstatements due to error or fraud may not be prevented or detected on a timely basis.
Our management performed an assessment of the effectiveness of our internal control over financial reporting at December 31,
2014, utilizing the criteria discussed in the “Internal Control — Integrated Framework (2013)” issued by the Committee of
Sponsoring Organizations of the Treadway Commission. The objective of this assessment was to determine whether our internal
control over financial reporting was effective at December 31, 2014. Based on management’s assessment, we have concluded that our
internal control over financial reporting was effective at December 31, 2014.
The effectiveness of our internal control over financial reporting has been audited by Deloitte & Touche LLP, an independent
registered public accounting firm, as stated in its report which is included herein.
Changes in Internal Controls
We have commenced several transformation initiatives to centralize and simplify our business processes and systems. These are
long-term initiatives which we believe will enhance our internal controls over financial reporting due to increased automation and
further integration of related processes. We will continue to monitor our internal controls over financial reporting throughout the
transformation.
There have not been any other changes in our internal control over financial reporting during the three months ended December 31,
2014 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
/s/ MARY T. BARRA /s/ CHARLES K. STEVENS III
Mary T. Barra
Chief Executive Officer
Charles K. Stevens III
Executive Vice President and Chief Financial Officer
February 4, 2015 February 4, 2015
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