Charter 2008 Annual Report Download - page 57

Table of Contents
Accounting Matters
Principal Accounting Firm
KPMG acted as the Company’s principal accountant in 2007 and 2006, and, subject to ratification by
stockholders at the Annual Meeting, KPMG is expected to serve as the Company’s independent registered
public accounting firm for 2008. Representatives of KPMG will be in attendance at the Annual Meeting and
will have an opportunity to make a statement if they so desire. The representatives will also be available to
respond to appropriate questions.
Services of Independent Registered Public Accounting Firm
The Audit Committee has adopted policies and procedures requiring the pre-approval of non-audit
services that may be provided by our independent registered public accounting firm. We have also complied
and will continue to comply with the provisions of the Sarbanes-Oxley Act of 2002 and the related SEC rules
pertaining to auditor independence and audit committee pre-approval of audit and non-audit services.
Audit Fees
During the years ended December 31, 2007 and 2006, we incurred fees and related expenses for
professional services rendered by KPMG for the audits of our and our subsidiaries’ financial statements
(including three subsidiaries that are also public registrants), for the review of our and our subsidiaries’
interim financial statements and two registration statement filings in 2007 and seven offering memoranda and
registration statement filings in 2006 totaling approximately $4.2 million and $5.9 million, respectively.
Audit-Related Fees
We incurred fees to KPMG of approximately $0.02 million and $0.01 million during the years ended
December 31, 2007 and 2006, respectively. These services were primarily related to certain agreed-upon
procedures.
Tax Fees
None.
All Other Fees
None.
The Audit Committee appoints, retains, compensates and oversees the independent registered public
accounting firm (subject, if applicable, to board of director and/or stockholder ratification), and approves in
advance all fees and terms for the audit engagement and non-audit engagements where non-audit services are
not prohibited by Section 10A of the Securities Exchange Act of 1934, as amended with respect to
independent registered public accounting firms. Pre-approvals of non-audit services are sometimes delegated
to a single member of the Audit Committee. However, any pre-approvals made by the Audit Committee’s
designee are presented at the Audit Committee’s next regularly scheduled meeting. The Audit Committee has
an obligation to consult with management on these matters. The Audit Committee approved 100% of the
KPMG fees for the years ended December 31, 2007 and 2006. Each year, including 2007, with respect to the
proposed audit engagement, the Audit Committee reviews the proposed risk assessment process in
establishing the scope of examination and the reports to be rendered.
In its capacity as a committee of the board, the Audit Committee oversees the work of the independent
registered public accounting firm (including resolution of disagreements between management and the public
accounting firm regarding financial reporting) for the purpose of preparing or issuing an audit report or
performing other audit, review or attest services. The independent registered public accounting firm reports
directly to the Audit Committee. In performing its functions, the Audit Committee undertakes those tasks and
responsibilities that, in its judgment, most effectively contribute to and implement the purposes of the Audit
Committee charter. For more detail of the Audit Committee’s authority and responsibilities, see the
Company’s Audit Committee charter on the Company’s website, www.charter.com.
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Source: CHARTER COMMUNICATIO, DEF 14A, March 17, 2008