Time Warner Cable 2008 Annual Report Download - page 146

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TIME WARNER CABLE INC.
MANAGEMENT’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING
Management of the Company is responsible for establishing and maintaining adequate internal control over
financial reporting (as such term is defined in Rule 13a-15(f) under the Exchange Act). The Company’s internal
control over financial reporting includes those policies and procedures that (i) pertain to the maintenance of records
that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the Company;
(ii) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial
statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the
Company are being made only in accordance with authorizations of management and directors of the Company; and
(iii) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or
disposition of the Company’s assets that could have a material effect on the financial statements.
Internal control over financial reporting is designed to provide reasonable assurance to the Company’s
management and board of directors regarding the preparation of reliable financial statements for external purposes
in accordance with generally accepted accounting principles. Internal control over financial reporting includes
self-monitoring mechanisms and actions taken to correct deficiencies as they are identified. Because of the inherent
limitations in any internal control, no matter how well designed, misstatements may occur and not be prevented or
detected. Accordingly, even effective internal control over financial reporting can provide only reasonable
assurance with respect to financial statement preparation. Further, the evaluation of the effectiveness of internal
control over financial reporting was made as of a specific date, and continued effectiveness in future periods is
subject to the risks that controls may become inadequate because of changes in conditions or that the degree of
compliance with the policies and procedures may decline.
Management conducted an evaluation of the effectiveness of the Company’s system of internal control over
financial reporting as of December 31, 2008 based on the framework set forth in “Internal Control — Integrated
Framework” issued by the Committee of Sponsoring Organizations of the Treadway Commission. Based on its
evaluation, management concluded that, as of December 31, 2008, the Company’s internal control over financial
reporting is effective based on the specified criteria.
The Company’s internal control over financial reporting has been audited by the Company’s independent
auditor, Ernst & Young LLP, a registered public accounting firm, as stated in their report at page 138 herein.
136