US Cellular 2012 Annual Report Download - page 82

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Management’s Report on Internal Control Over Financial Reporting
Management is responsible for establishing and maintaining adequate internal control over financial
reporting, as such term is defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act. U.S.
Cellular’s internal control over financial reporting is a process designed to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of financial statements for external
purposes in accordance with accounting principles generally accepted in the United States of America
(‘‘GAAP’’). U.S. Cellular’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 issuer; (ii) provide reasonable assurance that
transactions are recorded as necessary to permit preparation of financial statements in accordance with
GAAP, and that receipts and expenditures of the issuer are being made only in accordance with
authorizations of management and, where required, the Board of Directors of the issuer; and (iii) provide
reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or
disposition of the issuer’s assets that could have a material effect on the interim or annual consolidated
financial statements.
Because of its inherent limitations, internal control over financial reporting may not prevent or detect
misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the
risk that controls may become inadequate because of changes in conditions, or that the degree of
compliance with the policies or procedures may deteriorate.
Under the supervision and with the participation of U.S. Cellular’s management, including its Chief
Executive Officer and Chief Financial Officer, U.S. Cellular conducted an evaluation of the effectiveness of
its internal control over financial reporting as of December 31, 2012, based on the criteria established in
Internal Control—Integrated Framework issued by the Committee of Sponsoring Organizations of the
Treadway Commission (COSO). Management has concluded that U.S. Cellular maintained effective
internal control over financial reporting as of December 31, 2012 based on criteria established in Internal
Control—Integrated Framework issued by the COSO.
The effectiveness of U.S. Cellular’s internal control over financial reporting as of December 31, 2012 has
been audited by PricewaterhouseCoopers LLP, an independent registered public accounting firm, as
stated in the firm’s report included herein.
/s/ Mary N. Dillon /s/ Steven T. Campbell
Mary N. Dillon Steven T. Campbell
President and Chief Executive Officer Executive Vice President—Finance, Chief Financial
(principal executive officer) Officer and Treasurer
(principal financial officer)
/s/ Douglas D. Shuma
Douglas D. Shuma
Chief Accounting Officer
(principal accounting officer)
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