Cincinnati Bell 2010 Annual Report Download - page 150

MANAGEMENT’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING
The management of Cincinnati Bell Inc. and its subsidiaries (the “Company”) is responsible for establishing
and maintaining adequate internal control over financial reporting as defined in Rule 13a- 15(f) under the
Securities Exchange Act of 1934. The Company’s internal control system is designed to produce reliable
financial statements in conformity with accounting principles generally accepted in the United States.
Management assessed the effectiveness of the Company’s internal control over financial reporting as of
December 31, 2010. In making this assessment, management used the criteria set forth by the Committee of
Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control — Integrated Framework.
Based on this assessment, management has concluded that, as of December 31, 2010, the Company’s internal
control over financial reporting is effective based on those criteria. Management’s assessment of and conclusion
on the effectiveness of internal control over financial reporting did not include an assessment of certain elements
of internal controls over financial reporting of Cyrus Networks, LLC acquired on June 11, 2010, which is
included in the consolidated financial statements of the Company for the year ended December 31, 2010. Cyrus
Networks, LLC accounts for 22% of total assets, 3% of revenues, and 22% of net income of the consolidated
financial statement amounts as of and for the year ended December 31, 2010.
The effectiveness of the Company’s internal control over financial reporting has been audited by Deloitte &
Touche LLP, an independent registered public accounting firm, as stated in their report included herein.
February 28, 2011
/s/ John F. Cassidy
John F. Cassidy
President and Chief Executive Officer
/s/ Gary J. Wojtaszek
Gary J. Wojtaszek
Chief Financial Officer
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