Charter 2008 Annual Report Download - page 58

Table of Contents
Report of the Audit Committee
The following report does not constitute soliciting materials and is not considered filed or incorporated
by reference into any other Company filing under the Securities Act of 1933, as amended, or the Securities
Exchange Act of 1934, as amended, unless we state otherwise.
The Audit Committee was established to oversee the Company’s accounting and financial reporting
processes and the audits of the Company’s annual financial statements. In 2007 the Audit Committee
consisted of Nathaniel A. Davis, David C. Merritt, and Rajive Johri. All members were determined by the
board to be independent in accordance with the applicable corporate governance listing standards of the
NASDAQ Global Select Market. The Company’s board of directors has determined that, in its judgment,
Mr. Merritt is an audit committee financial expert within the meaning of the applicable federal regulations.
The Audit Committee’s functions are detailed in a written Audit Committee charter adopted by the board
of directors in January 2003 and amended in June 2004, April 2005 and February 2006, a copy of which is
available on the Company’s website at www.charter.com. As more fully described in its charter, the Audit
Committee reviews the Company’s financial reporting process on behalf of the board. Company management
has the primary responsibility for the Company’s financial statements and the reporting process. The
Company’s independent registered public accounting firm is responsible for performing an audit of the
Company’s consolidated financial statements in accordance with generally accepted auditing standards and
expressing an opinion on the conformity of the financial statements to generally accepted accounting
principles. The internal auditors are responsible to the Audit Committee and the board for testing the integrity
of the financial accounting and reporting control systems and such other matters as the Audit Committee and
board determine. The Audit Committee held six meetings in 2007.
The Audit Committee has reviewed and discussed with management the Company’s audited financial
statements for the year ended December 31, 2007. The Audit Committee has discussed the matters required to
be discussed by Statement on Auditing Standards No. 61 (Communication with Audit Committees) with
KPMG, the independent registered public accounting firm for the Company’s audited financial statements for
the year ended December 31, 2007.
The Audit Committee has also received the written disclosures and the letter from KPMG required by
Independence Standards Board Standard No. 1 (Independence Discussion with Audit Committees), and the
Audit Committee has discussed the independence of KPMG with that firm and has considered the
compatibility of non-audit services with KPMG’s independence.
Based on the Audit Committee’s review and discussions noted above, the Audit Committee
recommended to the board of directors that the Company’s audited financial statements be included in the
Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2007 for filing with the
SEC.
DAVID C. MERRITT
NATHANIEL A. DAVIS
RAJIVE JOHRI
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Source: CHARTER COMMUNICATIO, DEF 14A, March 17, 2008