Time Warner Cable 2009 Annual Report Download - page 110

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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, 2009 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, 2009,
the Company’s internal control over financial reporting is effective based on the specified criteria.
The Company’s internal control over financial reporting as of December 31, 2009 has been audited by the Company’s independent
auditor, Ernst & Young LLP, a registered public accounting firm, as stated in their report at page 100 herein.
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