Frances

PepsiCo, Inc. was a merger between two different companies, Pepsi-Cola and Frito-Lay. The two companies merged in 1961 and began to sell products such as: Pepsi-Cola, Diet Pepsi, Mountain Dew, Fritos, Lay’s, Cheetos, ruffles, and Rold Gold. Along with Frito-Lay and Pepsi-Cola brands, PepsiCo also sells Gatorade brands, Tropicana brands, and Quaker Brands. Over the years PepsiCo, Inc. has become one of the most recognized companies around the world, both inside the United States and outside as well. From vending machines to restaurants, and backpacks to briefcases, PepsiCo, Inc. products have revenue of over $60 billion and greater than 285,000 employees (PepsiCo Inc., 2010).

PepsiCo has a mission, and it is “to be the world’s premier consumer products company focused on convenient foods and beverages” (PepsiCo Inc., 2010). It is about the investors and providing rewards and opportunities for improvement to PepsiCo employees, business partners, and all the communities where PepsiCo products are sold. PepsiCo, Inc. uses different internal control procedures to assure that the company, products, and profits are safe.

According to PepsiCo Inc., 2011, “Our system of internal control I based on the control criteria framework of the Committee of Sponsoring Organizations of the Treadway Commission published in their report titles Internal Control – Integrated Framework”. This system was designed to make certain that transactions are executed as authorized and recorded accurately. The internal control is also to make sure that the assets are completely safe and that all accounting records are reliable enough to prepare the financial statements. Under the Securities Exchange Act of 1934, certain information needs to be reported in specific reports, and disclosure controls make that possible. PepsiCo, monitors their internal controls with self-assessments and a constant program involving internal audits.