Frontier Communications 2004 Annual Report Download - page 48

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F-4
Report of Independent Registered Public Accounting Firm
The Board of Directors and Shareholders
Citizens Communications Company:
We have audited the accompanying consolidated balance sheets of Citizens Communications Company and subsidiaries as of
December 31, 2004 and 2003, and the related consolidated statements of operations, shareholders' equity, comprehensive
income (loss) and cash flows for each of the years in the three-year period ended December 31, 2004. These consolidated
financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these
consolidated financial statements based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United
States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts
and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits
provide a reasonable basis for our opinion.
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial
position of Citizens Communications Company and subsidiaries as of December 31, 2004 and 2003 and the results of their
operations and their cash flows for each of the years in the three-year period ended December 31, 2004, in conformity with
U.S. generally accepted accounting principles. As discussed in Note 2 to the consolidated financial statements, the Company
adopted Statement of Financial Accounting Standards No. 143, “Accounting for Asset Retirement Obligations” as of January
1, 2003.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States),
the effectiveness of Citizens Communications Company and subsidiaries internal control over financial reporting as of
December 31, 2004, based on criteria established in Internal Control - Integrated Framework issued by the Committee of
Sponsoring Organizations of the Treadway Commission (COSO), and our report dated March 11, 2005 expressed an
unqualified opinion on management’s assessment of, and the effective operation of, internal control over financial
reporting.
KPMG LLP
New York, New York
March 11, 2005