Coca Cola 2010 Annual Report Download - page 164

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ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL
DISCLOSURE
Not applicable.
ITEM 9A. CONTROLS AND PROCEDURES
Evaluation of Disclosure Controls and Procedures
The Company, under the supervision and with the participation of its management, including the Chief Executive
Officer and the Chief Financial Officer, evaluated the effectiveness of the design and operation of the Company’s
‘‘disclosure controls and procedures’’ (as defined in Rule 13a-15(e) under the Securities Exchange Act of 1934, as
amended (the ‘‘Exchange Act’’)) as of the end of the period covered by this report. Based on that evaluation, the Chief
Executive Officer and the Chief Financial Officer concluded that the Company’s disclosure controls and procedures
were effective as of December 31, 2010.
Report of Management on Internal Control Over Financial Reporting and Attestation Report of Independent Registered Public
Accounting Firm
The report of management on our internal control over financial reporting as of December 31, 2010 and the attestation
report of our independent registered public accounting firm on our internal control over financial reporting are set
forth in Part II, ‘‘Item 8. Financial Statements and Supplementary Data’’ in this report. During 2010, the Company
acquired the North American operations of Coca-Cola Enterprises Inc. (subsequently renamed Coca-Cola Refreshments
USA, Inc.). Refer to Note 2 of Notes to Consolidated Financial Statements for additional information regarding this
event. Management has excluded this business from its evaluation of the effectiveness of the Company’s internal control
over financial reporting as of December 31, 2010. The net operating revenues attributable to this business represented
approximately 10 percent of the Company’s consolidated net operating revenues for the year ended December 31, 2010
and its aggregate total assets represented approximately 31 percent of the Company’s consolidated total assets as of
December 31, 2010.
Changes in Internal Control Over Financial Reporting
Except as described below, there have been no changes in the Company’s internal control over financial reporting
during the quarter ended December 31, 2010 that have materially affected, or are reasonably likely to materially affect,
the Company’s internal control over financial reporting. During the quarter ended December 31, 2010, the Company
acquired the North American operations of Coca-Cola Enterprises Inc. (subsequently renamed Coca-Cola Refreshments
USA, Inc.). Refer to Note 2 of Notes to Consolidated Financial Statements for additional information regarding this
event. The Company is in the process of integrating the acquired business into the Company’s overall internal control
over financial reporting process.
Additional Information
The Company is in the process of several productivity and transformation initiatives that include redesigning several key
business processes in a number of areas. As business processes change related to these transformation initiatives, the
Company identifies, documents and evaluates controls to ensure controls over our financial reporting remain strong.
ITEM 9B. OTHER INFORMATION
Not applicable.
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