Windstream 2009 Annual Report Download - page 146

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MANAGEMENT’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING
Management is responsible for establishing and maintaining adequate internal control over financial reporting, and for
performing an assessment of the effectiveness of internal control over financial reporting as of December 31, 2009.
Internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability
of financial reporting and the preparation of financial statements for external purposes in accordance with generally
accepted accounting principles. The Company’s system of internal control over financial reporting includes those
policies and procedures that (i) pertain to the maintenance of records that, in reasonable detail, accurately and fairly
reflect the transactions and dispositions of the assets of the company; (ii) provide reasonable assurance that transactions
are recorded as necessary to permit preparation of financial statements in accordance with generally accepted
accounting principles, and that receipts and expenditures of the company are being made only in accordance with
authorizations of management and directors of the company; and (iii) provide reasonable assurance regarding
prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have
a material effect on the financial statements.
Management performed an assessment of the effectiveness of the Company’s internal control over financial reporting
as of December 31, 2009 based upon criteria in Internal Control – Integrated Framework issued by the Committee of
Sponsoring Organizations of the Treadway Commission (“COSO”). Based on our assessment, management determined
that the Company’s internal control over financial reporting was effective as of December 31, 2009.
Management has excluded the operations of D&E Communications, Inc. and Lexcom, Inc., wholly-owned subsidiaries
of the Company, from its assessment of internal control over financial reporting as of December 31, 2009, because they
were acquired by the Company in recently completed 2009 purchase business combinations. The operations of D&E
Communications, Inc. and Lexcom, Inc. represent approximately 5.0 percent and 2.0 percent, respectively, of the
Company’s consolidated total assets and 0.7 percent and 0.1 percent, respectively, of the Company’s consolidated
revenues and sales, as of December 31, 2009.
The effectiveness of the Company’s internal control over financial reporting as of December 31, 2009, has been
audited by PricewaterhouseCoopers LLP, an independent registered public accounting firm, as stated in their report
which appears herein.
Dated February 24, 2010
Jeffery R. Gardner Anthony W. Thomas
President and
Chief Executive Officer
Chief Financial Officer
F-32