WSBC » Topics » Managements Report on Internal Control Over Financial Reporting

These excerpts taken from the WSBC 10-K filed Mar 11, 2009.

MANAGEMENT’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING

The management of WesBanco is responsible for establishing and maintaining adequate internal control over financial reporting. WesBanco’s internal control over financial reporting is a process designed under the supervision of WesBanco’s chief executive officer and chief financial officer to provide reasonable assurance regarding the reliability of financial reporting and the preparation of WesBanco’s financial statements for external reporting purposes in accordance with U.S. generally accepted accounting principles.

WesBanco’s management assessed the effectiveness of WesBanco’s internal control over financial reporting as of December 31, 2008 based on the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”) in “Internal Control–Integrated Framework.” Based on the assessment, management determined that, as of December 31, 2008, WesBanco’s internal control over financial reporting is effective, based on the COSO criteria. The effectiveness of WesBanco’s internal control over financial reporting as of December 31, 2008 has been audited by Ernst & Young LLP, WesBanco’s independent registered public accounting firm, as stated in their attestation report appearing below.

 

/s/ Paul M. Limbert

  

/s/ Robert H. Young

Paul M. Limbert    Robert H. Young
President and Chief Executive Officer    Executive Vice President and Chief Financial Officer

 

72


Table of Contents

MANAGEMENT’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING

STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%">The management of WesBanco is responsible for establishing and maintaining adequate internal control over financial reporting. WesBanco’s internal
control over financial reporting is a process designed under the supervision of WesBanco’s chief executive officer and chief financial officer to provide reasonable assurance regarding the reliability of financial reporting and the preparation
of WesBanco’s financial statements for external reporting purposes in accordance with U.S. generally accepted accounting principles.

SIZE="2">WesBanco’s management assessed the effectiveness of WesBanco’s internal control over financial reporting as of December 31, 2008 based on the criteria set forth by the Committee of Sponsoring Organizations of the Treadway
Commission (“COSO”) in “Internal Control–Integrated Framework.” Based on the assessment, management determined that, as of December 31, 2008, WesBanco’s internal control over financial reporting is effective, based
on the COSO criteria. The effectiveness of WesBanco’s internal control over financial reporting as of December 31, 2008 has been audited by Ernst & Young LLP, WesBanco’s independent registered public accounting firm, as
stated in their attestation report appearing below.

 























/s/ Paul M. Limbert

  

/s/ Robert H. Young

Paul M. Limbert  Robert H. Young
President and Chief Executive Officer  Executive Vice President and Chief Financial Officer

 


72







Table of Contents


Management’s Report on Internal Control Over Financial Reporting

Management’s Report on internal control over financial reporting and the audit report of Ernst & Young LLP, the Company’s independent registered public accounting firm, on internal control over financial reporting is included on pages 72-73 of this report and are incorporated in this Item 9A by reference.

 

ITEM. 9B. OTHER INFORMATION

None.

 

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This excerpt taken from the WSBC 10-K filed Mar 12, 2008.

Management’s Report on Internal Control Over Financial Reporting

The management of WesBanco is responsible for establishing and maintaining adequate internal control over financial reporting. WesBanco’s internal control over financial reporting is a process designed under the supervision of WesBanco’s chief executive officer and chief financial officer to provide reasonable assurance regarding the reliability of financial reporting and the preparation of WesBanco’s financial statements for external reporting purposes in accordance with U.S. generally accepted accounting principles.

WesBanco’s management assessed the effectiveness of WesBanco’s internal control over financial reporting as of December 31, 2007 based on the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”) in “Internal Control–Integrated Framework.” This assessment did not include internal control over financial reporting related to Oak Hill, which WesBanco acquired on November 30, 2007. Total assets and net assets from the former Oak Hill approximated $1.4 billion and $ 0.2 billion, respectively, at December 31, 2007. Additionally, net interest income and net income of the acquired operations of Oak Hill were approximately $ 3.5 million and $ 0.9 million, respectively, from December 1, 2007 through December 31, 2007. Based on the assessment, management determined that, as of December 31, 2007, WesBanco’s internal control over financial reporting is effective, based on the COSO criteria. The effectiveness of WesBanco’s internal control over financial reporting as of December 31, 2007 has been audited by Ernst & Young LLP, WesBanco’s independent registered public accounting firm, as stated in their attestation report appearing below.

 

/S/ PAUL M. LIMBERT     /S/ ROBERT H. YOUNG
Paul M. Limbert     Robert H. Young
President and Chief Executive Officer     Executive Vice President and Chief Financial Officer

 

102


This excerpt taken from the WSBC 10-K filed Mar 13, 2007.

Management’s Report on Internal Control Over Financial Reporting

The management of WesBanco is responsible for establishing and maintaining adequate internal control over financial reporting. WesBanco’s internal control over financial reporting is a process designed under the supervision of WesBanco’s chief executive officer and chief financial officer to provide reasonable assurance regarding the reliability of financial reporting and the preparation of WesBanco’s financial statements for external reporting purposes in accordance with U.S. generally accepted accounting principles.

WesBanco’s management assessed the effectiveness of WesBanco’s internal control over financial reporting as of December 31, 2006 based on the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”) in “Internal Control–Integrated Framework.” Based on the assessment, management determined that, as of December 31, 2006, WesBanco’s internal control over financial reporting is effective, based on the COSO criteria. Management’s assessment of the effectiveness of WesBanco’s internal control over financial reporting as of December 31, 2006 has been audited by Ernst & Young LLP, WesBanco’s independent registered public accounting firm, as stated in their attestation report appearing below.

 

LOGO     LOGO
Paul M. Limbert     Robert H. Young
President and Chief Executive Officer     Executive Vice President and Chief Financial Officer

 

97


Table of Contents
This excerpt taken from the WSBC 10-K filed Mar 10, 2006.

Management’s Report on Internal Control Over Financial Reporting

 

The management of WesBanco is responsible for establishing and maintaining adequate internal control over financial reporting. WesBanco’s internal control over financial reporting is a process designed under the supervision of WesBanco’s chief executive officer and chief financial officer to provide reasonable assurance regarding the reliability of financial reporting and the preparation of WesBanco’s financial statements for external reporting purposes in accordance with U.S. generally accepted accounting principles.

 

WesBanco’s management assessed the effectiveness of WesBanco’s internal control over financial reporting as of December 31, 2005 based on the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”) in “Internal Control–Integrated Framework.” Based on the assessment, management determined that, as of December 31, 2005, WesBanco’s internal control over financial reporting is effective, based on the COSO criteria. Management’s assessment of the effectiveness of WesBanco’s internal control over financial reporting as of December 31, 2005 has been audited by Ernst & Young LLP, WesBanco’s independent registered public accounting firm, as stated in their attestation report appearing below.

 

 

/s/ Paul M. Limbert

     

/s/ Robert H. Young

Paul M. Limbert       Robert H. Young
President and Chief Executive Officer       Executive Vice President and Chief Financial Officer

 

97


Table of Contents
This excerpt taken from the WSBC 10-K filed Mar 16, 2005.

Management’s Report on Internal Control Over Financial Reporting

 

The management of WesBanco is responsible for establishing and maintaining adequate internal control over financial reporting. WesBanco’s internal control over financial reporting is a process designed under the supervision of WesBanco’s chief executive officer and chief financial officer to provide reasonable assurance regarding the reliability of financial reporting and the preparation of WesBanco’s financial statements for external reporting purposes in accordance with U.S. generally accepted accounting principles.

 

WesBanco’s management assessed the effectiveness of WesBanco’s internal control over financial reporting as of December 31, 2004 based on the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”) in “Internal Control—Integrated Framework.” Based on the assessment, management determined that, as of December 31, 2004, WesBanco’s internal control over financial reporting is effective, based on the COSO criteria. Management’s assessment of the effectiveness of WesBanco’s internal control over financial reporting as of December 31, 2004 has been attested to, and audited by Ernst & Young LLP, WesBanco’s independent registered public accounting firm, as stated in their attestation report appearing below.

 

LOGO

 

      LOGO
Paul M. Limbert       Robert H. Young
President and Chief Executive Officer       Executive Vice President and Chief Financial Officer

 

102


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