Cincinnati Bell 2006 Annual Report Download - page 165

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Directors and Shareowners of Cincinnati Bell Inc.
In our opinion, the accompanying consolidated statements of operations, shareowners’ equity (deficit) and
comprehensive income (loss) and cash flows for the year ended December 31, 2004, present fairly, in all material
respects, the shareowners’ deficit of Cincinnati Bell Inc. and its subsidiaries at December 31, 2004, and the
results of their operations and cash flows for the year then ended in conformity with accounting principles
generally accepted in the United States of America. In addition, in our opinion, the financial statement schedule
listed in the Index at Item 15 presents fairly, in all material respects, the information set forth therein as of and
for the year ended December 31, 2004. These financial statements and financial statement schedule are the
responsibility of the Company’s management. Our responsibility is to express an opinion on these financial
statements and financial statement schedule based on our audit. We conducted our audit of these statements 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, assessing the accounting principles used and significant
estimates made by management, and evaluating the overall financial statement presentation. We believe that our
audit provides a reasonable basis for our opinion.
/s/ PricewaterhouseCoopers LLP
Cincinnati, Ohio
March 14, 2005, except for Note 18, which is as of July 5, 2005
55