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This excerpt taken from the ACI 10-K filed Mar 1, 2010. REPORT OF
MANAGEMENT
The management of Arch Coal, Inc. (the “Company”) is
responsible for the preparation of the consolidated financial
statements and related financial information in this annual
report. The financial statements are prepared in accordance with
accounting principles generally accepted in the United States
and necessarily include some amounts that are based on
management’s informed estimates and judgments, with
appropriate consideration given to materiality.
The Company maintains a system of internal accounting controls
designed to provide reasonable assurance that financial records
are reliable for purposes of preparing financial statements and
that assets are properly accounted for and safeguarded. The
concept of reasonable assurance is based on the recognition that
the cost of a system of internal accounting controls should not
exceed the value of the benefits derived. The Company has a
professional staff of internal auditors who monitor compliance
with and assess the effectiveness of the system of internal
accounting controls.
The Audit Committee of the Board of Directors, comprised of
independent directors, meets regularly with management, the
internal auditors, and the independent auditors to discuss
matters relating to financial reporting, internal accounting
control, and the nature, extent and results of the audit effort.
The independent auditors and internal auditors have full and
free access to the Audit Committee, with and without management
present.
These excerpts taken from the ACI 10-K filed Feb 27, 2009. REPORT OF
MANAGEMENT
The management of Arch Coal, Inc. (the “Company”) is
responsible for the preparation of the consolidated financial
statements and related financial information in this annual
report. The financial statements are prepared in accordance with
accounting principles generally accepted in the United States
and necessarily include some amounts that are based on
management’s informed estimates and judgments, with
appropriate consideration given to materiality.
The Company maintains a system of internal accounting controls
designed to provide reasonable assurance that financial records
are reliable for purposes of preparing financial statements and
that assets are properly accounted for and safeguarded. The
concept of reasonable assurance is based on the recognition that
the cost of a system of internal accounting controls should not
exceed the value of the benefits derived. The Company has a
professional staff of internal auditors who monitor compliance
with and assess the effectiveness of the system of internal
accounting controls.
The Audit Committee of the Board of Directors, comprised of
independent directors, meets regularly with management, the
internal auditors, and the independent auditors to discuss
matters relating to financial reporting, internal accounting
control, and the nature, extent and results of the audit effort.
The independent auditors and internal auditors have full and
free access to the Audit Committee, with and without management
present.
REPORT OF MANAGEMENT The management of Arch Coal, Inc. (the “Company”) is responsible for the preparation of the consolidated financial statements and related financial information in this annual report. The financial statements are prepared in accordance with accounting principles generally accepted in the United States and necessarily include some amounts that are based on management’s informed estimates and judgments, with appropriate consideration given to materiality. The Company maintains a system of internal accounting controls designed to provide reasonable assurance that financial records are reliable for purposes of preparing financial statements and that assets are properly accounted for and safeguarded. The concept of reasonable assurance is based on the recognition that the cost of a system of internal accounting controls should not exceed the value of the benefits derived. The Company has a professional staff of internal auditors who monitor compliance with and assess the effectiveness of the system of internal accounting controls. The Audit Committee of the Board of Directors, comprised of independent directors, meets regularly with management, the internal auditors, and the independent auditors to discuss matters relating to financial reporting, internal accounting control, and the nature, extent and results of the audit effort. The independent auditors and internal auditors have full and free access to the Audit Committee, with and without management present. These excerpts taken from the ACI 10-K filed Feb 29, 2008. REPORT OF
MANAGEMENT
The management of Arch Coal, Inc. (the “Company”) is
responsible for the preparation of the consolidated financial
statements and related financial information in this annual
report. The financial statements are prepared in accordance with
accounting principles generally accepted in the United States
and necessarily include some amounts that are based on
management’s informed estimates and judgments, with
appropriate consideration given to materiality.
The Company maintains a system of internal accounting controls
designed to provide reasonable assurance that financial records
are reliable for purposes of preparing financial statements and
that assets are properly accounted for and safeguarded. The
concept of reasonable assurance is based on the recognition that
the cost of a system of internal accounting controls should not
exceed the value of the benefits derived. The Company has a
professional staff of internal auditors who monitor compliance
with and assess the effectiveness of the system of internal
accounting controls.
The Audit Committee of the Board of Directors, comprised of
independent directors, meets regularly with management, the
internal auditors, and the independent auditors to discuss
matters relating to financial reporting, internal accounting
control, and the nature, extent and results of the audit effort.
The independent auditors and internal auditors have full and
free access to the Audit Committee, with and without management
present.
REPORT OF MANAGEMENT The management of Arch Coal, Inc. (the “Company”) is responsible for the preparation of the consolidated financial statements and related financial information in this annual report. The financial statements are prepared in accordance with accounting principles generally accepted in the United States and necessarily include some amounts that are based on management’s informed estimates and judgments, with appropriate consideration given to materiality. The Company maintains a system of internal accounting controls designed to provide reasonable assurance that financial records are reliable for purposes of preparing financial statements and that assets are properly accounted for and safeguarded. The concept of reasonable assurance is based on the recognition that the cost of a system of internal accounting controls should not exceed the value of the benefits derived. The Company has a professional staff of internal auditors who monitor compliance with and assess the effectiveness of the system of internal accounting controls. The Audit Committee of the Board of Directors, comprised of independent directors, meets regularly with management, the internal auditors, and the independent auditors to discuss matters relating to financial reporting, internal accounting control, and the nature, extent and results of the audit effort. The independent auditors and internal auditors have full and free access to the Audit Committee, with and without management present. | EXCERPTS ON THIS PAGE:
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