Enterprise Products Partners L.P.

SEC Filings

10-Q
GULFTERRA ENERGY PARTNERS L P filed this Form 10-Q on 08/09/2004
Entire Document
 
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     We are currently undergoing a comprehensive effort to ensure compliance
with Section 404 of the Sarbanes Oxley Act of 2002 for the year ended December
31, 2004. This effort includes internal control documentation and review under
the direction of senior management and the Audit and Conflicts Committee of our
general partner's board of directors. During the course of these activities, we
have identified certain internal control issues which management believes need
to be improved. These control issues are, in large part, the result of our
increased size and complexity as a result of acquisitions and continued business
growth.
 
     The review has not identified any material weaknesses in internal control
as defined by the Public Company Accounting Oversight Board. However, we have
made improvements to our internal controls over financial reporting as a result
of our review efforts and will continue to do so. These improvements include
formalizing and communicating certain policies and procedures, strengthening
system security access and segregation of duties, and increasing the frequency
of monitoring controls.
 
     Effectiveness of Disclosure Controls.  Based on the controls evaluation,
our principal executive officer and principal financial officer have concluded
that the Disclosure Controls are effective to ensure that material information
relating to us and our consolidated subsidiaries is made known to our
management, including the principal executive officer and principal financial
officer, on a timely basis.
 
     Officer Certifications.  The certifications from the principal executive
officer and principal financial officer required under Sections 302 and 906 of
the Sarbanes-Oxley Act of 2002 have been included as Exhibits to this Quarterly
Report.
 
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