STATEMENT OF MANAGEMENT RESPONSIBILITY
FOR FINANCIAL STATEMENTS
The management of Quest Diagnostics Incorporated
is responsible for the preparation, presentation and integrity of the
consolidated financial statements and other information included in this annual
report. The financial statements have
been prepared in accordance with accounting principles generally accepted in
the United States of America and include certain amounts based on management’s
best estimates and judgments.
Quest Diagnostics maintains a comprehensive
system of internal controls designed to provide reasonable assurance as to the
reliability of the financial statements as well as to safeguard assets from
unauthorized use or disposition. The
system is reinforced by written policies, selection and training of highly
competent financial personnel, appropriate division of responsibilities and a
program of internal audits.
The Audit and Finance Committee of the Board of
Directors is responsible for reviewing and monitoring Quest Diagnostics’
financial reporting and accounting practices and the annual appointment of the
independent auditors. The Audit and
Finance Committee meets periodically with management, the internal auditors and
the independent auditors to review and assess the activities of each. Both the independent auditors and the
internal auditors meet with the Audit and Finance Committee, without management
present, to review the results of their audits.
The consolidated financial statements have been
audited by our independent auditors, PricewaterhouseCoopers LLP. Their responsibility is to express an
opinion with respect to the consolidated financial statements on the basis of
an audit conducted in accordance with auditing standards generally accepted in
the United States of America.
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By
/s/
Kenneth W. Freeman
Kenneth
W. Freeman |
Chairman of the Board and
Chief Executive Officer |
February 26, 2004 |
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By
/s/
Surya N. Mohapatra
Surya
N. Mohapatra |
President and
Chief
Operating Officer |
February 26, 2004 |
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By
/s/
Robert A. Hagemann
Robert A.
Hagemann |
Senior Vice President and
Chief Financial Officer |
February 26, 2004 |
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