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These excerpts taken from the SUR 10-K filed Feb 17, 2009. MANAGEMENT’S
REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING
The management of CNA Surety Corporation and subsidiaries
(“CNA Surety” or the “Company”) is
responsible for establishing and maintaining adequate internal
control over financial reporting. CNA Surety’s internal
control system was designed to provide reasonable assurance to
the Company’s management, its Audit Committee and Board of
Directors regarding the preparation and fair presentation of
published financial statements.
There are inherent limitations to the effectiveness of any
internal control or system of control, however well designed,
including the possibility of human error and the possible
circumvention or overriding of such controls or systems.
Moreover, because of changing conditions the reliability of
internal controls may vary over time. As a result, even
effective internal controls can provide no more than reasonable
assurance with respect to the accuracy and completeness of
financial statements and their process of preparation.
CNA Surety management assessed the effectiveness of the
Company’s internal control over financial reporting as of
December 31, 2008. In making this assessment, it used the
criteria set forth by the Committee of Sponsoring Organizations
of the Treadway Commission (COSO) in Internal
Control — Integrated Framework. Based on our
assessment we believe that, as of December 31, 2008, the
Company’s internal control over financial reporting is
effective based on those criteria.
CNA Surety’s independent registered public accounting firm,
Deloitte & Touche LLP, has issued an audit report
covering the Company’s internal control over financial
reporting. This report appears on page 44.
CNA Surety
Corporation
Chicago, Illinois
February 17, 2009
Table of Contents
MANAGEMENT’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING The management of CNA Surety Corporation and subsidiaries (“CNA Surety” or the “Company”) is responsible for establishing and maintaining adequate internal control over financial reporting. CNA Surety’s internal control system was designed to provide reasonable assurance to the Company’s management, its Audit Committee and Board of Directors regarding the preparation and fair presentation of published financial statements. There are inherent limitations to the effectiveness of any internal control or system of control, however well designed, including the possibility of human error and the possible circumvention or overriding of such controls or systems. Moreover, because of changing conditions the reliability of internal controls may vary over time. As a result, even effective internal controls can provide no more than reasonable assurance with respect to the accuracy and completeness of financial statements and their process of preparation. CNA Surety management assessed the effectiveness of the Company’s internal control over financial reporting as of December 31, 2008. In making this assessment, it used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control — Integrated Framework. Based on our assessment we believe that, as of December 31, 2008, the Company’s internal control over financial reporting is effective based on those criteria. CNA Surety’s independent registered public accounting firm, Deloitte & Touche LLP, has issued an audit report covering the Company’s internal control over financial reporting. This report appears on page 44. CNA Surety Corporation Chicago, Illinois February 17, 2009
Table of ContentsThese excerpts taken from the SUR 10-K filed Feb 19, 2008. MANAGEMENT’S
REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING
The management of CNA Surety Corporation (“CNA Surety”
or the “Company”) and subsidiaries is responsible for
establishing and maintaining adequate internal control over
financial reporting. CNA Surety’s internal control system
was designed to provide reasonable assurance to the
Company’s management, its Audit Committee and Board of
Directors regarding the preparation and fair presentation of
published financial statements.
There are inherent limitations to the effectiveness of any
internal control or system of control, however well designed,
including the possibility of human error and the possible
circumvention or overriding of such controls or systems.
Moreover, because of changing conditions the reliability of
internal controls may vary over time. As a result, even
effective internal controls can provide no more than reasonable
assurance with respect to the accuracy and completeness of
financial statements and their process of preparation.
CNA Surety management assessed the effectiveness of the
Company’s internal control over financial reporting as of
December 31, 2007. In making this assessment, it used the
criteria set forth by the Committee of Sponsoring Organizations
of the Treadway Commission (COSO) in Internal
Control — Integrated Framework. Based on our
assessment we believe that, as of December 31, 2007, the
Company’s internal control over financial reporting is
effective based on those criteria.
CNA Surety’s independent registered public accounting firm,
Deloitte & Touche LLP, has issued an audit report
covering our assessment of the Company’s internal control
over financial reporting. This report appears on page 45.
CNA Surety Corporation
Chicago, Illinois
February 19, 2008
Table of Contents
MANAGEMENT’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING The management of CNA Surety Corporation (“CNA Surety” or the “Company”) and subsidiaries is responsible for establishing and maintaining adequate internal control over financial reporting. CNA Surety’s internal control system was designed to provide reasonable assurance to the Company’s management, its Audit Committee and Board of Directors regarding the preparation and fair presentation of published financial statements. There are inherent limitations to the effectiveness of any internal control or system of control, however well designed, including the possibility of human error and the possible circumvention or overriding of such controls or systems. Moreover, because of changing conditions the reliability of internal controls may vary over time. As a result, even effective internal controls can provide no more than reasonable assurance with respect to the accuracy and completeness of financial statements and their process of preparation. CNA Surety management assessed the effectiveness of the Company’s internal control over financial reporting as of December 31, 2007. In making this assessment, it used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control — Integrated Framework. Based on our assessment we believe that, as of December 31, 2007, the Company’s internal control over financial reporting is effective based on those criteria. CNA Surety’s independent registered public accounting firm, Deloitte & Touche LLP, has issued an audit report covering our assessment of the Company’s internal control over financial reporting. This report appears on page 45. CNA Surety Corporation Chicago, Illinois February 19, 2008
Table of ContentsThis excerpt taken from the SUR 10-K filed Feb 21, 2007. MANAGEMENT’S
REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING
The management of CNA Surety Corporation (“CNA Surety”
or the “Company”) and subsidiaries is responsible for
establishing and maintaining adequate internal control over
financial reporting. CNA Surety’s internal control system
was designed to provide reasonable assurance to the
Company’s management, its Audit Committee and Board of
Directors regarding the preparation and fair presentation of
published financial statements.
There are inherent limitations to the effectiveness of any
internal control or system of control, however well designed,
including the possibility of human error and the possible
circumvention or overriding of such controls or systems.
Moreover, because of changing conditions the reliability of
internal controls may vary over time. As a result, even
effective internal controls can provide no more than reasonable
assurance with respect to the accuracy and completeness of
financial statements and their process of preparation.
CNA Surety management assessed the effectiveness of the
Company’s internal control over financial reporting as of
December 31, 2006. In making this assessment, it used the
criteria set forth by the Committee of Sponsoring Organizations
of the Treadway Commission (COSO) in Internal
Control — Integrated Framework. Based on our
assessment we believe that, as of December 31, 2006, the
Company’s internal control over financial reporting is
effective based on those criteria.
CNA Surety’s independent registered public accounting firm,
Deloitte & Touche LLP, has issued an audit report
covering our assessment of the Company’s internal control
over financial reporting. This report appears on page 46.
CNA Surety
Corporation
Chicago, Illinois
February 20, 2007
Table of Contents
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