AT&T Wireless 2009 Annual Report Download - page 94

Download and view the complete annual report

Please find page 94 of the 2009 AT&T Wireless annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 100

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100

92 AT&T 09 AR
The consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles.
The integrity and objectivity of the data in these financial statements, including estimates and judgments relating to matters
not concluded by year-end, are the responsibility of management, as is all other information included in the Annual Report,
unless otherwise indicated.
The financial statements of AT&T Inc. (AT&T) have been audited by Ernst&YoungLLP, Independent Registered Public
Accounting Firm. Management has made available to Ernst&YoungLLP all of AT&T’s financial records and related data, as well
as the minutes of stockholders’ and directors’ meetings. Furthermore, management believes that all representations made to
Ernst&YoungLLP during its audit were valid and appropriate.
Management maintains disclosure controls and procedures that are designed to ensure that information required to be
disclosed by AT&T is recorded, processed, summarized, accumulated and communicated to its management, including its
principal executive and principal financial officers, to allow timely decisions regarding required disclosure, and reported within
the time periods specified by the Securities and Exchange Commission’s rules and forms.
Management also seeks to ensure the objectivity and integrity of its financial data by the careful selection of its managers, by
organizational arrangements that provide an appropriate division of responsibility and by communication programs aimed at
ensuring that its policies, standards and managerial authorities are understood throughout the organization.
The Audit Committee of the Board of Directors meets periodically with management, the internal auditors and the
independent auditors to review the manner in which they are performing their respective responsibilities and to discuss
auditing, internal accounting controls and financial reporting matters. Both the internal auditors and the independent
auditors periodically meet alone with the Audit Committee and have access to the Audit Committee at any time.
Assessment of Internal Control
The management of AT&T is responsible for establishing and maintaining adequate internal control over financial reporting, as
defined in Rule 13a-15(f) or 15d-15(f) under the Securities Exchange Act of 1934. AT&T’s internal control system was
designed to provide reasonable assurance to the company’s management and Board of Directors regarding the preparation and
fair presentation of published financial statements.
AT&T management assessed the effectiveness of the company’s internal control over financial reporting as of
December 31, 2009. In making this assessment, it used the criteria set forth by the Committee of Sponsoring
Organizations of the Treadway Commission (COSO) in Internal Control – Integrated Framework. Based on its assessment, AT&T
management believes that, as of December 31, 2009, the Company’s internal control over financial reporting is effective
based on those criteria.
Ernst & Young LLP, the independent registered public accounting firm that audited the financial statements included in this
Annual Report, has issued an attestation report on the company’s internal control over financial reporting.
Randall Stephenson Richard G. Lindner
Chairman of the Board, Senior Executive Vice President and
Chief Executive Officer and President Chief Financial Officer
Report of Management