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FORM 10-K FOR FISCAL YEAR ENDED DECEMBER 31, 2006Management's Report on Internal Control Over Financial Reporting
Management of Swift Energy Company is responsible for
establishing and maintaining adequate internal control over financial reporting
as defined in Rules 13a-15(f) and 15d-15(f) under the Securities Exchange Act of
1934. The Company’s internal control over financial reporting is a process
designed by, or under the supervision of, the Company’s Chief Executive Officer
and Chief Financial Officer to provide reasonable assurance regarding the
reliability of financial reporting and the preparation of the Company’s
financial statements for external purposes in accordance with U. S. generally
accepted accounting principles. Management of the Company assessed the effectiveness of the
Company’s internal control over financial reporting as of December 31, 2006. In
making this assessment, management 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 and those criteria,
management determined that the Company maintained effective internal control
over financial reporting as of December 31, 2006. Because of its inherent limitations, internal control over
financial reporting may not prevent or detect misstatements. Also, projections
of any evaluation of effectiveness to future periods are subject to the risk
that controls may become inadequate because of changes in conditions, or that
the degree of compliance with the policies or procedures may deteriorate. Ernst & Young LLP, the independent registered public
accounting firm that audited the consolidated financial statements of the
Company included in this Annual Report on Form 10-K, has issued an attestation
report on management’s assessment of the Company’s internal control over
financial reporting as of December 31, 2006. That report, which expresses
unqualified opinions on management’s assessment and on the effectiveness of the
Company’s internal control over financial reporting as of December 31, 2006
appears on the following page. |
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This page was last updated on Monday, March 26, 2007, at 03:18:28 PM. Copyright © 1994-2008 by Swift Energy Company. |
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