●  EMCOR Group, Inc. · FY 2021 

Controls & Procedures

Financial reporting controls have been confirmed as effective, with an external auditor providing an unqualified opinion regarding the company's internal control over financial reporting for the period ending December 31, 2021. This assessment confirms that management maintains a robust system designed to provide reasonable assurance concerning the reliability of its financial data. Furthermore, the review noted a notable stability in established controls throughout the fourth quarter of fiscal year 2021.

EME L1 Synthesis
●  SYMBOLOGY.ONLINE l1 SYNTHESIS 

Emcor Group, Inc Controls & Procedures Synthesis

Internal Controls and Procedures Assessment: EMCOR Group, Inc. (2021)

Management Conclusions on Control Effectiveness

Management has concluded that both its disclosure controls and procedures (DCPs) and its internal control over financial reporting (ICFR) were effective as of December 31, 2021. This conclusion is supported by the following evidence:

  • Disclosure Controls: The Chairman, President and CEO (Anthony J. Guzzi), and the Executive Vice President and CFO (Mark A. Pompa) concluded that the DCPs are effective.
  • ICFR Effectiveness: Management determined that ICOR was effective based on an evaluation utilizing the Internal Control-Integrated Framework (2013). This internal conclusion is externally validated, as Ernst & Young LLP provided an unqualified opinion regarding the effectiveness of ICFR for the period ended December 31, 2021.

Material Weaknesses and Significant Deficiencies

The provided documentation does not identify any material weaknesses or significant deficiencies in EMCOR Group's internal controls over financial reporting. The report confirms that management maintains a control system designed to provide reasonable assurance regarding the reliability of financial reporting.

Changes and New Controls During Reporting Period

Noteworthy Finding: Stability of Controls
Management determined that no change occurred during the fourth quarter of fiscal year 2021 that materially affected, or is reasonably likely to materially affect, the company's internal control over financial reporting. This indicates a period of stability in the established control environment.

The core ICFR procedures include policies designed to:

  • Maintain accurate and fair records of transactions and asset dispositions.
  • Ensure transactions are recorded according to GAAP and authorized by management/Board.
  • Provide reasonable assurance against unauthorized acquisition, use, or disposition of assets that could materially affect financial statements.

Remediation Efforts

No specific remediation efforts were detailed in the provided text, as no material weaknesses or significant deficiencies were identified during the reporting period. The company maintains its control system through ongoing processes designed to provide "reasonable, not absolute," assurance against misstatements and fraud.