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This excerpt taken from the ELN 6-K filed Mar 30, 2009. Internal
Control
The board of directors has overall responsibility for our system
of internal control and for monitoring its effectiveness. The
system of internal control is designed to provide reasonable,
but not absolute, assurance against material misstatement or
loss. The key procedures that have been established to provide
effective internal control include:
The directors reviewed our system of internal control and also
examined the full range of risks affecting us and the
appropriateness of the internal control structures to manage and
monitor these risks. This process involved a confirmation that
appropriate systems of internal control were in place throughout
the financial year and up to the date of signing of these
financial statements. It also involved an assessment of the
ongoing process for the identification, management and control
of the individual risks and of the role of the various risk
management functions and the extent to which areas of
significant challenges facing us are understood and are being
addressed. No material unaddressed issues emerged from this
assessment.
This excerpt taken from the ELN 20-F filed Feb 26, 2009. Internal
Control
The board of directors has overall responsibility for our system
of internal control and for monitoring its effectiveness. The
system of internal control is designed to provide reasonable,
but not absolute, assurance against material misstatement or
loss. The key procedures that have been established to provide
effective internal control include:
The directors reviewed our system of internal control and also
examined the full range of risks affecting us and the
appropriateness of the internal control structures to manage and
monitor these risks. This process involved a confirmation that
appropriate systems of internal control were in place throughout
the financial year and up to the date of signing of these
financial statements. It also involved an assessment of the
ongoing process for the identification, management and control
of the individual risks and of the role of the various risk
management functions and the extent to which areas of
significant challenges facing us are understood and are being
addressed. No material unaddressed issues emerged from this
assessment.
Refer to Item 15. “Controls and Procedures,” for
management’s annual report on internal control over
financial reporting.
This excerpt taken from the ELN 6-K filed Mar 31, 2008. Internal
Control
The board of directors has overall responsibility for our system
of internal control and for monitoring its effectiveness. The
system of internal control is designed to provide reasonable,
but not absolute, assurance against material misstatement or
loss. The key procedures that have been established to provide
effective internal control include:
The directors reviewed our system of internal control and also
examined the full range of risks affecting us and the
appropriateness of the internal control structures to manage and
monitor these risks. This process involved a confirmation that
appropriate systems of internal control were in place throughout
the financial year and up to the date of signing of these
financial statements. It also involved an assessment of the
ongoing process for the identification, management and control
of the individual risks and of the role of the various risk
management functions and the extent to which areas of
significant challenges facing us are understood and are being
addressed. No material unaddressed issues emerged from this
assessment.
This excerpt taken from the ELN 20-F filed Feb 28, 2008. Internal
Control
The board of directors has overall responsibility for our system
of internal control and for monitoring its effectiveness. The
system of internal control is designed to provide reasonable,
but not absolute, assurance against material misstatement or
loss. The key procedures that have been established to provide
effective internal control include:
The directors reviewed our system of internal control and also
examined the full range of risks affecting us and the
appropriateness of the internal control structures to manage and
monitor these risks. This process involved a confirmation that
appropriate systems of internal control were in place throughout
the financial year and up to the date of signing of these
financial statements. It also involved an assessment of the
ongoing process for the identification, management and control
of the individual risks and of the role of the various risk
management functions and the extent to which areas of
significant challenges facing us are understood and are being
addressed. No material unaddressed issues emerged from this
assessment.
Please refer to Item 15. “Controls and
Procedures,” for management’s annual report on
internal control over financial reporting.
This excerpt taken from the ELN 6-K filed Mar 30, 2007. Internal
Control
The board of directors has overall responsibility for our system
of internal control and for monitoring its effectiveness. The
system of internal control is designed to provide reasonable,
but not absolute, assurance against material misstatement or
loss. The key procedures that have been established to provide
effective internal control include:
Elan Corporation, plc 2006 Annual
Report 59
Table of Contents
The directors reviewed our system of internal control and also
examined the full range of risks affecting us and the
appropriateness of the internal control structures to manage and
monitor these risks. This process involved a confirmation that
appropriate systems of internal control were in place throughout
the financial year and up to the date of signing of these
financial statements. It also involved an assessment of the
ongoing process for the identification, management and control
of the individual risks and of the role of the various risk
management functions and the extent to which areas of
significant challenges facing us are understood and are being
addressed. No material unaddressed issues emerged from this
assessment.
This excerpt taken from the ELN 20-F filed Feb 28, 2007. Internal
Control
The board of directors has overall responsibility for our system
of internal control and for monitoring its effectiveness. The
system of internal control is designed to provide reasonable,
but not absolute, assurance against material misstatement or
loss. The key procedures that have been established to provide
effective internal control include:
Table of Contents
The directors reviewed our system of internal control and also
examined the full range of risks affecting us and the
appropriateness of the internal control structures to manage and
monitor these risks. This process involved a confirmation that
appropriate systems of internal control were in place throughout
the financial year and up to the date of signing of these
financial statements. It also involved an assessment of the
ongoing process for the identification, management and control
of the individual risks and of the role of the various risk
management functions and the extent to which areas of
significant challenges facing us are understood and are being
addressed. No material unaddressed issues emerged from this
assessment.
Please refer to Item 15. “Controls and Procedures,”
for management’s annual report on internal control over
financial reporting.
This excerpt taken from the ELN 6-K filed Mar 31, 2006. Internal Control
The board of directors has overall responsibility for our system
of internal control and for monitoring its effectiveness. The
system of internal control is designed to provide reasonable,
but not absolute, assurance against material misstatement or
loss. The key procedures that have been established to provide
effective internal control include:
68 Elan Corporation, plc 2005 Annual Report
Table of Contents
This excerpt taken from the ELN 20-F filed Mar 30, 2006. Internal
Control
The board of directors has overall responsibility for our system
of internal control and for monitoring its effectiveness. The
system of internal control is designed to provide reasonable,
but not absolute, assurance against material misstatement or
loss. The key procedures that have been established to provide
effective internal control include:
Table of Contents
The directors reviewed our system of internal control and also
examined the full range of risks affecting us and the
appropriateness of the internal control structures to manage and
monitor these risks. This process involved a confirmation that
appropriate systems of internal control were in place throughout
the financial year and up to the date of signing of these
financial statements. It also involved an assessment of the
ongoing process for the identification, management and control
of the individual risks and of the role of the various risk
management functions and the extent to which areas of
significant challenges facing us are understood and are being
addressed. No material unaddressed issues emerged from this
assessment. The directors confirm that they have reviewed, in
accordance with the Turnbull Guidance, the effectiveness of our
systems of internal control for the year ended December 31,
2005. Section 404 of the Sarbanes-Oxley Act will require
that our Annual Report on
Form 20-F
for the year ending December 31, 2006 contain a report
stating that it is the responsibility of management to establish
and maintain adequate internal control over financial reporting
and assessing the effectiveness of our internal control over
financial reporting. Although we are not required to report
compliance in this 2005
Form 20-F,
management has undertaken a process to be in a position to
comply with the mandates of Section 404 of the
Sarbanes-Oxley Act by December 31, 2006.
This excerpt taken from the ELN 6-K filed Apr 11, 2005. Internal Control The board of directors has overall responsibility for our system of internal control and for monitoring its effectiveness. Management is responsible for the planning and implementation of the system of internal control and ensuring that we apply these controls consistently. Such a system is designed to manage rather than eliminate the risk of failure to achieve business objectives and can only provide reasonable and not absolute assurance against material misstatement or loss. To provide effective internal control, focus on business objectives and to consider risk, we have:
Following certain changes in our financial functions, the separate internal audit function ceased in September 2004. At the beginning of 2004, we established a separate internal control department primarily responsible for our Sarbanes-Oxley 404 project. In addition, we continue to have a separate corporate compliance function, which is responsible for all aspects of compliance within Elan. Both these functions report to the board audit committee. We are currently moving to re-instate our internal audit function in a manner that is fully co-ordinated with the other control functions outlined above.
Corporate Governance The directors reviewed our system of internal control and also examined the full range of risks affecting us and the appropriateness of the internal control structures to manage and monitor these risks. This process involved a confirmation that appropriate systems of internal control were in place throughout the financial year and up to the date of signing of these Consolidated Financial Statements. It also involved an assessment of the ongoing process for the identification, management and control of the individual risks and of the role of the various risk management functions and the extent to which areas of significant challenges facing us are understood and are being addressed. No material unaddressed issues emerged from this assessment. The directors confirm that they have reviewed, in accordance with the Turnbull Guidance, the effectiveness of our systems of internal control for the year ended 31 December 2004. | EXCERPTS ON THIS PAGE:
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