Kraft 2008 Annual Report Download - page 114

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Exhibit 18.1
February 22, 2008
Board of Directors
Kraft Foods Inc.
Three Lakes Drive
Northfield, Illinois 60093
Dear Directors:
We are providing this letter to you for inclusion as an exhibit to your Form 10-K filing pursuant to Item 601 of Regulation S-K.
We have audited the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2007 and
issued our report thereon dated February 22, 2008. Note 1 to the financial statements describes a change in accounting principle related to changing the timing of
the annual goodwill impairment test from January 1 to October 1. It should be understood that the preferability of one acceptable method of accounting over
another for a change in dates of the annual goodwill impairment test has not been addressed in any authoritative accounting literature, and in expressing our
concurrence below we have relied on management’s determination that this change in accounting principle is preferable. Based on our reading of management’s
stated reasons and justification for this change in accounting principle in the Form 10-K, and our discussions with management as to their judgment about the
relevant business planning factors relating to the change, we concur with management that such change represents, in the Company’s circumstances, the adoption
of a preferable accounting principle in conformity with Statement of Financial Accounting Standards No. 154, Accounting Changes and Error Corrections.
Very truly yours,
/s/ PRICEWATERHOUSECOOPERS LLP
Source: KRAFT FOODS INC, 10-K, February 25, 2008 Powered by Morningstar® Document Research℠