Windstream 2006 Annual Report Download - page 133
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Report of Independent Registered Public Accounting Firm
To the Board of Directors and Shareholders of Windstream Corporation:
In our opinion, the accompanying consolidated balance sheets and the related consolidated statements of income,
shareholders equity and cash flows present fairly, in all material respects, the financial position of Windstream
Corporation at December 31, 2006 and 2005, and the results of their operations and their cash flows for each of the
three years in the period ended December 31, 2006 in conformity with accounting principles generally accepted in the
United States of America. These financial statements are the responsibility of the Company’s management. Our
responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits 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 audits provide a
reasonable basis for our opinion.
As described in Note 3 to the consolidated financial statements, the Company changed the manner in which it accounts
for share based compensation and pension and other post-retirement benefit costs in 2006. Additionally, as discussed in
Note 3, the Company changed the way it accounts for conditional asset retirement obligations in 2005.
/s/ PricewaterhouseCoopers LLP
Little Rock, AR
March 1, 2007
F-32