Kraft 2009 Annual Report Download - page 108

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.
None.
Item 9A. Controls and Procedures.
Evaluation of Disclosure Controls and Procedures
Management, together with our CEO and CFO, evaluated the effectiveness of our disclosure controls and procedures (as defined in Exchange Act
Rule 13a-15(e)) as of the end of the period covered by this report. Based upon that evaluation, the CEO and CFO concluded that our disclosure
controls and procedures were effective.
Changes in Internal Control Over Financial Reporting
Management, together with our CEO and CFO, evaluated the changes in our internal control over financial reporting during the quarter ended
December 31, 2009, and noted the following significant changes.
• In 2008, we began implementing “Catalyst,” a business initiative to simplify and harmonize our systems processes. This multi-year
program includes the delivery of SAP enterprise software applications and business solutions. During the quarter ended December 31,
2009, we transitioned some of our processes and procedures into the SAP control environment. As we migrate to the SAP
environment, our management ensures that our key controls are mapped to applicable SAP controls, tests transition controls prior to
the migration date of those controls, and as appropriate, maintains and evaluates controls over the flow of information to and from
SAP. We expect the transition period to be completed in 2011.
We determined that there were no other changes in our internal control over financial reporting during the quarter ended December 31, 2009, that
have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
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Source: KRAFT FOODS INC, 10-K, February 25, 2010 Powered by Morningstar® Document Research℠