Pepsi 2005 Annual Report Download - page 75

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73
Our management is responsible for establishing and maintaining
adequate internal control over financial reporting, as such term is
defined in Rule 13a-15(f) of the Exchange Act. Under the supervi-
sion and with the participation of our management, including our
Chief Executive Officer and Chief Financial Officer, we conducted
an evaluation of the effectiveness of our internal control over finan-
cial reporting based upon the framework in
Internal Control —
Integrated Framework
issued by the Committee of Sponsoring
Organizations of the Treadway Commission. Based on that
evaluation, our management concluded that our internal control
over financial reporting is effective as of December 31, 2005.
KPMG LLP, an independent registered public accounting firm, has
audited the consolidated financial statements included in this
Annual Report and, as part of their audit, has issued their report,
included herein, (1) on our management’s assessment of the effec-
tiveness of our internal controls over financial reporting and (2) on
the effectiveness of our internal control over financial reporting.
Management’s Report on Internal Control over Financial Reporting
To Our Shareholders:
Peter A. Bridgman
Senior Vice President and Controller
Indra K. Nooyi
President and Chief Financial Officer
Steven S Reinemund
Chairman of the Board
and Chief Executive Officer