●  Macy's, Inc. · FY 2026 

Controls & Procedures

Management has concluded that its internal controls over financial reporting were effective as of January 31, 2026, a finding supported by an unqualified opinion from KPMG LLP. This determination confirms that the company's systems are in place to provide reasonable assurance regarding the accuracy and timely disclosure of required information. Notably, the assessment identified no material weaknesses or significant deficiencies within the control structure during this reporting period.

M L1 Synthesis
●  SYMBOLOGY.ONLINE l1 SYNTHESIS 

Macy's, Inc Controls & Procedures Synthesis

Internal Controls and Procedures Assessment Summary

Management's Conclusions on Control Effectiveness

Macy's Inc.'s management has concluded that both its disclosure controls and procedures, as well as its internal control over financial reporting (ICFR), were effective as of January 31, 2026.

Disclosure Controls and Procedures (DCP)
  • Conclusion: The CEO and CFO determined that the Company's DCP were effective.
  • Evidence: This effectiveness provides reasonable assurance that required information is recorded, processed, summarized, and reported within specified time periods, and that necessary information is accumulated and communicated to management for timely disclosure decisions.
Internal Control over Financial Reporting (ICFR)
  • Conclusion: Management concluded that the ICFR was effective as of January 31, 2026, based on an assessment utilizing the COSO framework.
  • Evidence/Strength: This conclusion is supported by the Company's independent registered public accounting firm, KPMG LLP, which issued an unqualified opinion on the effectiveness of ICFR in their attestation report (page 35).

Control Deficiencies and Weaknesses

The assessment identified inherent limitations to the control system but did not disclose any specific material weaknesses or significant deficiencies.

Inherent Limitations
  • Observation: The Company acknowledges that all systems have inherent limitations, which is a standard disclosure.
  • Evidence: These limitations include the possibility of human error, the circumvention or overriding of controls, and reasonable resource constraints, meaning ICFR may not prevent or detect all misstatements.
Material Weaknesses/Significant Deficiencies
  • Observation: No material weaknesses or significant deficiencies were identified in the reporting period.
  • Evidence: The text confirms that management's assessment concluded the ICFR was effective without flagging specific failures.

Changes and Remediation Efforts

The Company conducted a review of its controls, but no material changes or new procedures were introduced during this reporting cycle.

Changes to Internal Controls
  • Observation: There were no changes in the Company's internal control over financial reporting that occurred during the most recently completed quarter.
  • Evidence/Noteworthy: This finding was reached despite reviews prompted by the adoption of new accounting pronouncements or major organizational restructuring.
Remediation and New Controls
  • Observation: Since no material weaknesses were identified, there are no specific remediation efforts detailed for control failures. Furthermore, the filing does not note any noteworthy new controls or procedures introduced during this period.