Kraft 2013 Annual Report Download - page 81

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79
Management’s annual report on internal control over financial reporting (as defined in Rules 13a-15(f) and 15(d)-15
(f) of the Exchange Act) is set forth below. The related report of our independent registered public accounting firm is
contained in Part II, Item 8 of this report and is incorporated herein by reference.
Our CEO and CFO, with other members of management, evaluated the changes in our internal control over
financial reporting during the quarter ended December 28, 2013. We determined that there were no changes in our
internal control over financial reporting during the quarter ended December 28, 2013, that have materially affected,
or are reasonably likely to materially affect, our internal control over financial reporting.
Report of Management on Internal Control Over Financial Reporting
Management is responsible for establishing and maintaining adequate internal control over financial reporting as
defined in Rules 13a-15(f) under the Exchange Act. Our 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. Our internal
control over financial reporting includes those written policies and procedures that:
• pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions
and dispositions of assets;
• provide reasonable assurance that transactions are recorded as necessary to permit preparation of
financial statements in accordance with generally accepted accounting principles;
• provide reasonable assurance that receipts and expenditures are being made only in accordance with
management and director authorization; and
• provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or
disposition of assets that could have a material effect on the consolidated financial statements.
Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements.
Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may
become inadequate because of changes in conditions, or that the degree of compliance with the policies or
procedures may deteriorate.
Management assessed the effectiveness of our internal control over financial reporting as of December 28, 2013.
Management based this assessment on criteria described in Internal Control – Integrated Framework (1992) issued
by the Committee of Sponsoring Organizations of the Treadway Commission.
Based on this assessment, management determined that, as of December 28, 2013, we maintained effective
internal control over financial reporting.
PricewaterhouseCoopers LLP, an independent registered public accounting firm, who audited the consolidated
financial statements included in this Annual Report on Form 10-K, has also audited the effectiveness of our internal
control over financial reporting as of December 28, 2013 as stated in their report which appears herein under Item
8.
February 21, 2014
Item 9B. Other Information.
None. PART III
Item 10. Directors, Executive Officers and Corporate Governance.
We have a written code of ethics that applies to all of our employees, including our principal executive officer,
principal financial officer, principal accounting officer or controller, and persons performing similar functions. Our
code of ethics is available free of charge on our Web site at www.kraftfoodsgroup.com and will be provided free of
charge to any shareholder submitting a written request to: Corporate Secretary, Kraft Foods Group, Inc., Three
Lakes Drive, Northfield, IL 60093. Any amendment to our code of ethics and any waiver applicable to our executive
officers or senior financial officers will be posted on our Web site within the time period required by the SEC and
applicable NASDAQ rules. The information on our Web site is not, and shall not be deemed to be, a part of this
Annual Report on Form 10-K or incorporated into any other filings we make with the SEC.