Charter 2001 Annual Report Download - page 20

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The management of Charter Communications, Inc. is respon-
sible for the information and representations contained in the
financial statements and in other sections of this summary
annual report. Management believes that the financial state-
ments, which include amounts that are based on manage-
ment’s best estimates and judgments, fairly reflect the form
and substance of transactions and reasonably represent the
company’s financial condition and results of operations. The
condensed financial statements in this report have been
prepared based on the financial statements contained in the
company’s Annual Report on Form 10-K. Those statements
were prepared in conformity with accounting principles
generally accepted in the United States. The independent
public accountants audited those statements in accordance
with auditing standards generally accepted in the United
States and provided an objective, independent review of the
fairness of reported operating results and financial position.
Other information included in this report is consistent, where
applicable, with the financial statements.
The company maintains a system of internal accounting
policies, procedures and controls designed to provide reason-
able assurance, at appropriate cost, that the transactions
are executed in accordance with the company’s authorization
and are properly recorded and reported in the financial
statements, and that assets are adequately safeguarded.
Qualified personnel are selected and an organizational
structure is maintained that provides for appropriate
functional responsibility.
Written policies and procedures have been developed
and are revised as necessary. The company maintains and
supports a program of internal audits with appropriate
management follow-up.
The Board of Directors, through its Audit Committee
composed of outside directors, is responsible for ensuring
that both management and the independent public account-
ants fulfill their respective responsibilities in regard to the
financial statements. Moreover, the independent public
accountants have full and free access to meet with the Audit
Committee, with or without management present, to discuss
accounting, control, audit and financial reporting matters.
Carl E. Vogel
President and Chief Executive Officer
Kent D. Kalkwarf
Executive Vice President and Chief Financial Officer
January 29, 2002
Responsibility for Financial Statements
Report of Independent Public Accountants
To Charter Communications, Inc.:
We have audited, in accordance with auditing standards
generally accepted in the United States, the consolidated
balance sheets of Charter Communications, Inc. and
subsidiaries as of December 31, 2001 and 2000, and the
related consolidated statements of operations, changes
in shareholders’ equity and cash flows for the years then
ended appearing in the company’s Annual Report on
Form 10-K (not presented herein). In our report dated
January 29, 2002, also appearing in the Form 10-K, we
expressed an unqualified opinion on these consolidated
financial statements.
In our opinion, the information set forth in the accom-
panying condensed consolidated balance sheets as of
December 31, 2001 and 2000, and the related condensed
consolidated statements of operations and cash flows for
the years then ended is fairly stated, in all material respects,
in relation to the consolidated financial statements from
which it has been derived.
Arthur Andersen LLP
St. Louis, Missouri
January 29, 2002