Company: MGRE
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0001004434-25-000010
Chunk: 2

Company: AFFILIATED MANAGERS GROUP, INC.
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 2
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Item 8.Financial Statements and Supplementary Data

Management’s Report on Internal Control Over Financial Reporting

Management of Affiliated Managers Group, Inc. (the “Company”) is responsible for establishing and maintaining adequate 

internal control over financial reporting.  The Company’s internal control over financial reporting processes are designed by, or 

under the supervision of, the Company’s chief executive and chief financial officers and applied by the Company’s Board of 

Directors, management, and other senior employees to provide reasonable assurance regarding the reliability of financial 

reporting and the preparation of the Company’s financial statements for external reporting purposes in accordance with 

accounting principles generally accepted in the U.S.

The Company’s internal control over financial reporting includes policies and procedures that pertain to the maintenance of 

records that, in reasonable detail, accurately and fairly reflect transactions and dispositions of assets; provide reasonable 

assurances that transactions are recorded as necessary to permit preparation of financial statements in accordance with 

accounting principles generally accepted in the U.S., and that receipts and expenditures are being made only in accordance with 

authorizations of management and the directors of the Company; and provide reasonable assurance regarding prevention or 

timely detection of unauthorized acquisition, use, or disposition of the Company’s assets that could have a material effect on its 

financial statements.

As of December 31, 2024, management conducted an assessment of the effectiveness of the Company’s internal control 

over financial reporting based on the framework established in Internal Control—Integrated Framework (2013) issued by the 

Committee of Sponsoring Organizations of the Treadway Commission (COSO).  Based on this assessment, management has 

determined that the Company’s internal control over financial reporting as of December 31, 2024 was effective.

The Company’s internal control over financial reporting as of December 31, 2024 has been audited by 

PricewaterhouseCoopers LLP (PCAOB ID 238), an independent registered public accounting firm, as stated in their report 

appearing in “Report of Independent Registered Public Accounting Firm,” which expresses an unqualified opinion on the 

effectiveness of the Company’s internal control over financial reporting as of December 31, 2024.