Basically, the business is divided into three major business units. The PepsiCo Americas Food which includes brands such as Frito-Lay North America, Quackers Food North America and all of their Latin American food and snack businesses. The second business unit is that of PepsiCo Americas Beverage; this includes the PepsiCo beverage North America and Latin America beverage businesses. The third business unit is the PepsiCo International, which deals with all the international businesses of the United Kingdom, Europe, Asia, Middle East- practically the whole world.
The organization’s core value is to provide sustainable growth through the empowerment of people who act responsibly and build trust. Sustained growth, Empowered people, Responsibility and Trust form the core value foundations of the organization (PepsiCo, 2010).
For the analysis purposes, the financial statements of 2007, 2008 and 2009 were used. The website provides the financial statements of all three years. For industry analysis and information purposes, the Bloomberg PepsiCo and Bloomberg Coke were also utilized.
The initial review of the organization is divided into two areas; Analysis of the auditor’s messages as well highlighting the management’s discussion and analysis of the business that took place throughout the year, paying special emphasis on the important aspects of the business.
According to the auditor’s report, the audit has been conducted keeping in mind the guidelines of the Public Company Accounting Oversight Board, in USA. According to the standards set by PCAOB, the auditors had to make sure there was enough internal audit control to not allow miss-statement of financial statements. A company is required to exercise sound internal control over the financial reporting processes and procedures in order to provide the auditors and the stakeholders with reasonable surety