LabCorp 2006 Annual Report Download - page 30

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28 Laboratory Corporation of America® Holdings 2006
MANAGEMENT’S REPORT ON INTERNAL CONTROL
OVER FINANCIAL REPORTING
The Company’s management is responsible for establishing and
maintaining adequate internal control over financial reporting, as
defined in Exchange Act Rule 13a-15(f). Under the supervision and
with the participation of the Company’s management, including
the Company’s Chief Executive Officer and Chief Financial Officer,
the Company conducted an evaluation of the effectiveness of the
Company’s internal control over financial reporting based on the
framework in Internal Control – Integrated Framework issued by the
Committee of Sponsoring Organizations of the Treadway Commission
(“COSO”). Based on the Company’s evaluation under the framework
in Internal Control – Integrated Framework issued by the COSO, the
Company’s management concluded that the Company’s internal con-
trol over financial reporting was effective as of December 31, 2006.
The Company management’s assessment of the effectiveness
of the Company’s internal control over financial reporting as of
December 31, 2006 has been audited by PricewaterhouseCoopers
LLP, an independent registered public accounting firm, as stated
in their report which is included herein with its report immediately
preceding our audited financial statements.
David P. King
President and Chief Executive Officer
William B. Hayes
Executive Vice President,
Chief Financial Officer and Treasurer