Comcast 2010 Annual Report Download - page 311

Section 11.03. Certain Other Provisions Regarding Financial Reporting . (a) The Company agrees that, so long as any member of the GE
Group meets the Equity Method Threshold during any quarterly or annual period:
(i) Maintenance of Books and Records . The Company shall, and shall cause each of its consolidated Subsidiaries to, (A) make and
keep books, records and accounts, which, in the good faith judgment of the Company, in reasonable detail, accurately and fairly reflect the
transactions and dispositions of the assets of the Company and its consolidated Subsidiaries and (B) devise and maintain a system of
internal accounting controls which, in the good faith judgment of the Company, is sufficient to provide reasonable assurances that:
(x) transactions are executed in accordance with management’
s general or specific authorization, (y) transactions are recorded as necessary
(1) to permit preparation of financial statements in conformity with GAAP or any other standard applicable to such statements and (2) to
maintain accountability for assets and (z) access to assets is permitted only in accordance with management’s general or specific
authorization.
(ii) Internal Audit and Company Auditors Reports . The Company and Comcast shall allow GE reasonable access, upon GE’s
reasonable request, to reports and/or results of performance of internal audit procedures performed by the internal audit functions of
Comcast or the Company with respect to the Company for the purpose of complying with GE’s reporting and disclosure obligations under
applicable Law. Upon GE’s reasonable request, the Company shall deliver promptly to GE copies of all reports submitted to the Company
by the Company Auditors (including, without limitation, each report submitted to the Company or any of its subsidiaries concerning its
accounting practices and systems and any comment letter submitted to management in connection with their annual audit and all responses
by management to such reports and letters) to the extent necessary to facilitate GE’s compliance with its reporting and disclosure
obligations under applicable Law.
(iii) Management Representation Letters . For so long as the Company qualifies as a “significant investee” (as defined in Rule 3-09
of Regulation S-X under the Securities Act) of GE, the Company shall provide GE the annual or quarterly management representation
letter, as applicable, in form and substance that is consistent with the financial reporting practices of Comcast and its Subsidiaries and
reasonably satisfactory to GE, which management representation letter shall be signed by the President, Chief Financial Officer and
Controller of the Company and delivered to GE on a timeline that is consistent with the issuance of annual and quarterly financial
statements, as applicable, in accordance with GE’s reporting schedule.
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