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These excerpts taken from the PBG 10-K filed Feb 20, 2009. Management’s
Annual Report on Internal Control Over Financial
Reporting
PBG’s management is responsible for establishing and
maintaining adequate internal control over financial reporting
for PBG. 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 in accordance with generally accepted
accounting principles and includes those policies and procedures
that (1) pertain to the maintenance of records that, in
reasonable detail, accurately and fairly reflect the
transactions and dispositions of PBG’s assets,
(2) provide reasonable assurance that transactions are
recorded as necessary to permit preparation of financial
statements in accordance with generally accepted accounting
principles, and that PBG’s receipts and expenditures are
being made only in accordance with authorizations of PBG’s
management and directors, and (3) provide reasonable
assurance regarding prevention or timely detection of
unauthorized acquisition, use, or disposition of PBG’s
assets that could have a material effect on the financial
statements.
As required by Section 404 of the Sarbanes-Oxley Act of
2002 and the related rule of the SEC, management assessed the
effectiveness of PBG’s internal control over financial
reporting using the Internal Control-Integrated Framework
developed by the Committee of Sponsoring Organizations of the
Treadway Commission.
Based on this assessment, management concluded that PBG’s
internal control over financial reporting was effective as of
December 27, 2008. Management has not identified any
material weaknesses in PBG’s internal control over
financial reporting as of December 27, 2008.
Our independent registered public accounting firm,
Deloitte & Touche, LLP (“D&T”), who has
audited and reported on our financial statements, issued an
attestation report on PBG’s internal control over financial
reporting. D&T’s reports are included in this Annual
Report on
Form 10-K.
56
Table of Contents
Management’s Annual Report on Internal Control Over Financial Reporting PBG’s management is responsible for establishing and maintaining adequate internal control over financial reporting for PBG. 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 in accordance with generally accepted accounting principles and includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of PBG’s assets, (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that PBG’s receipts and expenditures are being made only in accordance with authorizations of PBG’s management and directors, and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of PBG’s assets that could have a material effect on the financial statements. As required by Section 404 of the Sarbanes-Oxley Act of 2002 and the related rule of the SEC, management assessed the effectiveness of PBG’s internal control over financial reporting using the Internal Control-Integrated Framework developed by the Committee of Sponsoring Organizations of the Treadway Commission. Based on this assessment, management concluded that PBG’s internal control over financial reporting was effective as of December 27, 2008. Management has not identified any material weaknesses in PBG’s internal control over financial reporting as of December 27, 2008. Our independent registered public accounting firm, Deloitte & Touche, LLP (“D&T”), who has audited and reported on our financial statements, issued an attestation report on PBG’s internal control over financial reporting. D&T’s reports are included in this Annual Report on Form 10-K. 56 Table of Contents | EXCERPTS ON THIS PAGE:
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