Pizza Hut 2012 Annual Report Download - page 163

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YUM! BRANDS, INC.-2012 Form10-K 71
Form 10-K
PART II
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
The Company has evaluated the effectiveness of the design and operation
of its disclosure controls and procedures pursuant to Rules 13a-15(e) and
15d-15(e) under the Securities Exchange Act of 1934 as of the end of the
period covered by this report.Based on the evaluation, performed under
the supervision and with the participation of the Company’s management,
including the Chairman and Chief Executive Offi cer (the “CEO”) and the
Chief Financial Offi cer (the “CFO”), the Company’s management, including
the CEO and CFO, concluded that the Company’s disclosure controls and
procedures were effective as of the end of the period covered by this report.
Management’s Report on Internal Control Over Financial Reporting
Our management is responsible for establishing and maintaining adequate
internal control over fi nancial reporting, as such term is defi ned in Rules
13a-15(f) under the Securities Exchange Act of 1934.Under the supervision
and with the participation of our management, including our principal
executive offi cer and principal fi nancial offi cer, we conducted an evaluation
of the effectiveness of our internal control over fi nancial reporting based
on the framework in Internal Control – Integrated Framework issued by
the Committee of Sponsoring Organizations of the Treadway Commission.
Based on our evaluation under the framework in Internal Control – Integrated
Framework, our management concluded that our internal control over
fi nancial reporting was effective as of December29, 2012.
KPMG LLP, an independent registered public accounting fi rm, has audited
the Consolidated Financial Statements included in this Annual Report
on Form 10-K and the effectiveness of our internal control over fi nancial
reporting and has issued their report, included herein.
Changes in Internal Control
There were no changes with respect to the Company’s internal control over fi nancial reporting or in other factors that materially affected, or are reasonably
likely to materially affect, internal control over fi nancial reporting during the quarter ended December29, 2012.
ITEM 9B Other Information
None.