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Financial Accountability

At Altria Group we recognize that our responsibility to shareholders and investors is an essential part of our job.

We believe that the stringent financial controls, training and disclosure processes we have instituted work to ensure we are transparent in how our businesses operate, helping us deliver shareholder value and be seen as a responsible company.

Our Board of Directors provides oversight to help foster the long-term success of the company, while Altria Group's management sets policies and procedures that require that our businesses be run with a commitment to integrity.

Altria Group has had financial policies and procedures in place across its companies for many years, and they are regularly updated.  Our policies and procedures outline actions we believe are necessary to meet or exceed the disclosure requirements set by governments and regulatory bodies.  We take a conservative approach to our own accounting guidelines.

It is important to our company and its shareholders that we be open and honest about our financial performance - both successes and challenges.  For example, in our annual report to shareholders, we report on a number of the risk factors that may affect our businesses and overall shareholder value.

The Audit Committee assists the Board in monitoring Altria Group's financial reporting processes and systems of internal accounting control, the independence and performance of Altria Group's independent auditors, the performance of the internal auditors, and the Company's compliance with legal and regulatory requirements.

The Disclosure Controls Committee oversees the Company's disclosure controls and procedures for financial reporting and reviews the Company's financial filings and disclosures.

The Corporate Audit department provides senior management and the Audit Committee of Altria Group's Board of Directors with assessments of the adequacy and effectiveness of the financial/operational systems and controls in place across Altria Group and its operating companies. These assessments are essential to help us deliver value to our shareholders and help earn the respect and trust of investors.

The Sarbanes-Oxley Act of 2002 (commonly referred to as "SOX") is widely considered the single most important piece of legislation affecting corporate governance, financial disclosure and the public accounting profession since the U.S. Securities Laws of the 1930s.

Employees receive training and are offered professional development opportunities to learn the importance of financial and fiscal integrity.

   



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Altria MO $20.95 +.29
9/5/2008   4:02 PM ET
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