| To the Shareholders
of The Boeing Company: |
| The accompanying consolidated financial
statements of The Boeing Company and subsidiaries have
been prepared
by management who are responsible for their integrity
and objectivity. The statements have been prepared
in conformity with generally accepted accounting principles
and include amounts based on management’s best
estimates and judgments. Financial information elsewhere
in this Annual Report is consistent with that in the
financial statements. |
| Management has established and maintains
a system of internal control designed to provide reasonable
assurance
that errors or irregularities that could be material to
the financial statements are prevented or would be detected
within a timely period. The system of internal control
includes widely communicated statements of policies and
business practices which are designed to require all employees
to maintain high ethical standards in the conduct
of Company affairs. The internal controls are augmented
by organizational arrangements that provide for appropriate
delegation of authority and division of responsibility
and by a program of internal audit with management follow-up. |
| The financial statements have been audited
by Deloitte & Touche LLP, independent certified public
accountants. |
| Their audit was conducted in accordance
with generally accepted auditing standards and included
a review of
internal controls and selective tests of transactions.
The Independent Auditors’ Report appears above. |
| The Audit Committee of the Board of Directors,
composed entirely of outside directors, meets periodically
with
the independent certified public accountants, management
and internal auditors to review accounting, auditing,
internal accounting controls, litigation and financial
reporting matters. The independent certified public accountants
and the internal auditors have free access to this committee
without management present. |
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Philip M. Condit
Chairman of the Board and
Chief Executive Officer |
Michael M. Sears
Senior Vice President and
Chief Financial Officer |
James A. Bell
Vice President Finance and
Corporate Controller |
