|IHS MARKIT LTD. filed this Form 10-K on 01/18/2019|
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.
Under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, we conducted an evaluation of the effectiveness of our internal control over financial reporting as of November 30, 2018 using the Internal Control—Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission. Based on that evaluation, our management concluded that our internal control over financial reporting was effective as of November 30, 2018.
Our management’s assessment of and conclusion on the effectiveness of internal control over financial reporting did not include the internal controls of Ipreo which are included in our 2018 consolidated financial statements and constituted $109 million of current assets as of November 30, 2018, and $102 million and $19 million of revenues and net income, respectively, for the year then ended.
Our independent registered public accounting firm has audited and issued a report on the effectiveness of our internal control over financial reporting. Their report appears on the following page.
Changes in Internal Control over Financial Reporting
There were no changes in our internal control over financial reporting that occurred during the quarter ended November 30, 2018, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.