Time Warner Cable 2008 Annual Report Download - page 147

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
The Board of Directors and
Shareholders of Time Warner Cable Inc.
We have audited the accompanying consolidated balance sheet of Time Warner Cable Inc. (the “Company”) as
of December 31, 2008 and 2007, and the related consolidated statements of operations, cash flows and
shareholders’ equity for each of the three years in the period ended December 31, 2008. Our audits also included
the Supplementary Information and Financial Statement Schedule II listed in the index at Item 15(a). These
financial statements, supplementary information and financial statement schedule are the responsibility of the
Company’s management. Our responsibility is to express an opinion on the financial statements, supplementary
information and financial statement schedule 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 financial statements referred to above present fairly, in all material respects, the
consolidated financial position of Time Warner Cable Inc. at December 31, 2008 and 2007, and the consolidated
results of its operations and its cash flows for each of the three years in the period ended December 31, 2008, in
conformity with U.S. generally accepted accounting principles. Also, in our opinion, the related supplementary
information and financial statement schedule, when considered in relation to the basic financial statements taken as
a whole, present fairly in all material respects the information set forth therein.
As of January 1, 2007, the Company adopted the provisions of Emerging Issues Task Force Issue No. 06-2,
Accounting for Sabbatical Leave and Other Similar Benefits, and Financial Accounting Standards Board
Interpretation No. 48, Accounting for Uncertainty in Income Taxes—an interpretation of FASB Statement No. 109.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board
(United States), Time Warner Cable Inc.’s internal control over financial reporting as of December 31, 2008, based
on criteria established in Internal Control—Integrated Framework issued by the Committee of Sponsoring
Organizations of the Treadway Commission and our report dated February 19, 2009 expressed an unqualified
opinion thereon.
Charlotte, North Carolina
February 19, 2009
137