Pepsi 2014 Annual Report Download - page 136
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116
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects,
the financial position of PepsiCo, Inc. as of December 27, 2014 and December 28, 2013, and the results of
its operations and its cash flows for each of the fiscal years in the three-year period ended December 27,
2014, in conformity with U.S. generally accepted accounting principles. Also in our opinion, PepsiCo, Inc.
maintained, in all material respects, effective internal control over financial reporting as of December 27,
2014, based on criteria established in Internal Control - Integrated Framework (2013) issued by COSO.
/s/ KPMG LLP
New York, New York
February 12, 2015
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