*******comment/reply ONLY needs to be 150 words pertaining to the posting************* Its pretty clear what is asked, i am to comment on two of my peers DISCUSSION they post, This is ONE discussion that ONE peer posted, i have to read it and comment on it minium of 150 words!!

1. What is the name of the outside auditing firm for your company? KPMG LLP, an independent registered public accounting firm (PepsiCo, Inc., p. 131, 2017) 2. How long after the company's year-end did the auditors issue their opinion? It took the auditor one and half months to issue an opinion February 15, 2017) 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 31, 2016 and December 26, 2015, and the results of its operations and its cash flows for each of the fiscal years in the three-year period ended December 31, 2016, 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 31, 2016, based on criteria established in Internal Control Integrated Framework (2013) issued by COSO" (PepsiCo, Inc., p. 128, 2017) /s/ KPMG LLP New York, New York February 15, 2017 3. Who bears primary responsibility for maintaining effective internal c over financial reporting? How can you tell? PepsiCo Inc.'s management (PepsiCo, Inc., p. 128, 2017) 4. Does it appear the company has adequate internal control procedures? H can you tell? KPMG's opinion after their audit says PepsiCo, Inc.'s consolidated statements fairly present PepsiCo, Inc.'s financial position in support of its maintenance of records in accordance with GAAP, the recording financial records to enable preparation of financial statements, and the "prevention or timely detection of unauthorized acquisition, use, or disposition of the company's assets that could have a material effect on the financial statements (PepsiCo, Inc., p. 128 2017) 5. By how much did the company's cash balance change from the beginning of the year to the end of the year? In millions Cash balance: 2016 $9,158 2015 $9066 It's cash balance changed by $92 They had an increase in cash balance 1. What is the name of the outside auditing firm for your company? KPMG LLP, an independent registered public accounting firm (PepsiCo, Inc., p. 131, 2017) 2. How long after the company's year-end did the auditors issue their opinion? It took the auditor one and half months to issue an opinion February 15, 2017) 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 31, 2016 and December 26, 2015, and the results of its operations and its cash flows for each of the fiscal years in the three-year period ended December 31, 2016, 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 31, 2016, based on criteria established in Internal Control Integrated Framework (2013) issued by COSO" (PepsiCo, Inc., p. 128, 2017) /s/ KPMG LLP New York, New York February 15, 2017 3. Who bears primary responsibility for maintaining effective internal c over financial reporting? How can you tell? PepsiCo Inc.'s management (PepsiCo, Inc., p. 128, 2017) 4. Does it appear the company has adequate internal control procedures? H can you tell? KPMG's opinion after their audit says PepsiCo, Inc.'s consolidated statements fairly present PepsiCo, Inc.'s financial position in support of its maintenance of records in accordance with GAAP, the recording financial records to enable preparation of financial statements, and the "prevention or timely detection of unauthorized acquisition, use, or disposition of the company's assets that could have a material effect on the financial statements (PepsiCo, Inc., p. 128 2017) 5. By how much did the company's cash balance change from the beginning of the year to the end of the year? In millions Cash balance: 2016 $9,158 2015 $9066 It's cash balance changed by $92 They had an increase in cash balance