Comcast 2009 Annual Report Download - page 46

Table of Contents
Report of Management
Management’s Report on Financial Statements
Our management is responsible for the preparation, integrity and fair presentation of information in our consolidated financial
statements, including estimates and judgments. The consolidated financial statements presented in this report have been prepared
in accordance with accounting principles generally accepted in the United States. Our management believes the consolidated
financial statements and other financial information included in this report fairly present, in all material respects, our financial
condition, results of operations and cash flows as of and for the periods presented in this report. The consolidated financial
statements have been audited by Deloitte & Touche LLP, an independent registered public accounting firm, as stated in their
report, which is included herein.
Management’s Report on Internal Control Over Financial Reporting
Our management is responsible for establishing and maintaining an adequate system of internal control over financial reporting.
Our system of internal control over financial reporting is designed to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles
generally accepted in the United States.
Our internal control over financial reporting includes those policies and procedures that:
Because of its inherent limitations, a system of internal control over financial reporting can provide only reasonable assurance and
may not prevent or detect misstatements. Further, because of changes in conditions, effectiveness of internal control over financial
reporting may vary over time. Our system contains self-
monitoring mechanisms, and actions are taken to correct deficiencies as
they are identified.
Our management conducted an evaluation of the effectiveness of the system of internal control over financial reporting based on
the framework in Internal Control — Integrated Framework
issued by the Committee of Sponsoring Organizations of the Treadway
Commission. Based on this evaluation, our management concluded that our system of internal control over financial reporting was
effective as of December 31, 2009. The effectiveness of our internal controls over financial reporting has been audited by Deloitte &
Touche LLP, an independent registered public accounting firm, as stated in their report, which is included herein.
Audit Committee Oversight
The Audit Committee of the Board of Directors, which is comprised solely of independent directors, has oversight responsibility for
our financial reporting process and the audits of our consolidated financial statements and internal control over financial reporting.
The Audit Committee meets regularly with management and with our internal auditors and independent registered public
accounting firm (collectively, the “auditors”)
to review matters related to the quality and integrity of our financial reporting, internal
control over financial reporting (including compliance matters related to our Code of Ethics and Business Conduct), and the nature,
extent, and results of internal and external audits. Our auditors have full and free access and report directly to the Audit Committee.
The Audit Committee recommended, and the Board of Directors approved, that the audited consolidated financial statements be
included in this Form 10-K.
•
Pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect our transactions and dispositions of
our assets.
•
Provide reasonable assurance that our transactions are recorded as necessary to permit preparation of our financial statements
in accordance with accounting principles generally accepted in the United States, and that our receipts and expenditures are
being made only in accordance with authorizations of our management and our directors.
•
Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our
assets that could have a material effect on the financial statements.
Brian L. Roberts
Michael J. Angelakis
Lawrence J. Salva
Chairman and
Chief Executive Officer
Executive Vice President and
Chief Financial Officer
Senior Vice President,
Chief Accounting Officer
and Controller
Comcast 2009 Annual Report on Form 10-K
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