Ford 2009 Annual Report Download - page 171

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Ford Motor Company | 2009 Annual Report 169
Management’s Report on Internal Control over Financial Reporting
MANAGEMENT'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING
Our management is responsible for establishing and maintaining adequate internal control over financial
reporting, as such term is defined in Exchange Act Rule 13a-15(f). The Company's internal control over
financial reporting is a process 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. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that
controls may become inadequate because of changes in conditions or because the degree of compliance with
policies or procedures may deteriorate.
Under the supervision and with the participation of our management, including our CEO and CFO, we
conducted an assessment of the effectiveness of our internal control over financial reporting as of
December 31, 2009. The assessment was based on criteria established in the framework Internal Control –
Integrated Framework, issued by the Committee of Sponsoring Organizations of the Treadway Commission.
Based on this assessment, management concluded that our internal control over financial reporting was
effective as of December 31, 2009.
The effectiveness of the Company's internal control over financial reporting as of December 31, 2009 has
been audited by PricewaterhouseCoopers LLP, an independent registered public accounting firm, as stated in
its report included herein.