●  COSTCO WHOLESALE CORP /NEW · FY 2025 

Controls & Procedures

Management has determined that its entire system of disclosure controls and internal control over financial reporting remains highly effective as of August 31, 2025. The company reported no material weaknesses or significant deficiencies within this framework during the period. This finding confirms a stable governance structure designed to ensure the reliability of financial reporting.

COST L1 Synthesis
●  SYMBOLOGY.ONLINE l1 SYNTHESIS 

Costco Wholesale Corp /new Controls & Procedures Synthesis

Summary of Disclosure Controls and Internal Controls Over Financial Reporting (ICFR)

Management's Conclusions on Control Effectiveness

Management has concluded that both the company’s disclosure controls and procedures, as well as its internal control over financial reporting (ICFR), were effective as of August 31, 2025. This represents a significant strength in the company's governance structure.

Disclosure Controls and Procedures
  • Conclusion: The Chief Executive Officer and Chief Financial Officer concluded that disclosure controls and procedures were effective as of August 31, 2025.
  • Design Objective: These controls are designed to ensure that required information is recorded, processed, summarized, and reported within specified time periods and communicated timely to management for disclosure decisions.
Internal Control Over Financial Reporting (ICFR)
  • Conclusion: Management concluded that ICFR was effective as of August 31, 2025.
  • Assessment Criteria: The assessment utilized the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission in Internal Control-Integrated Framework (COSO 2013).
  • Scope: ICFR is designed to provide reasonable assurance regarding the reliability of financial reporting, including policies related to accurate record maintenance, proper authorization of transactions, and prevention or timely detection of unauthorized asset disposition.

Material Weaknesses and Significant Deficiencies

The provided documentation does not identify any material weaknesses or significant deficiencies in the company's internal controls over financial reporting during the reporting period. The assessment confirms that the control environment is currently functioning adequately according to management’s review.

Changes, Remediation, and New Procedures (Noteworthy Findings)

Stability of Controls
  • Changes: (NOTABLE) There were no changes in the company's internal control over financial reporting during the fourth quarter of 2025 that were deemed material or reasonably likely to materially affect ICFR. This indicates a high degree of stability within the existing control framework.
  • Remediation/New Controls: No specific remediation efforts for identified issues, nor any noteworthy new controls or procedures introduced during this period, are detailed in the provided text.