We conducted our audits in accordance with generally accepted auditing

We conducted our audits in accordance with generally

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We conducted our audits in accordance with generallyaccepted auditing standards. Those standards require that weplan and perform the audit to obtain reasonable assurance aboutwhether the financial statements are free of material misstate-ment. An audit includes examining, on a-test basis, evidencesupporting the amounts and disclosures in the financial state-ments. An audit also includes assessing the accounting principlesused and significant estimates made by management, as well asevaluating the overall financial statement presentation. Webelieve that our audits provide a reasonable basis for our opinion.In our opinion, the financial statements referred to abovepresent fairly, in all material respects, the consolidated financialposition of The Coca-Cola Company and subsidiaries atDecember 31, 1995 and 1994, and The consolidated results oftheir operations and their cash flows for each of the three yearsin the period ended December 31, 1995, in conformity withgenerally accepted accounting principles.Atlanta, GeorgiaJanuary 23, 19961995
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The Coca-Cola Company and SubsidiariesReport of ManagementManagement is responsible for the preparation and integrity ofthe consolidated financial statements appearing in this AnnualReport. The financial statements were prepared in conformitywith generally accepted accounting principles appropriate in thecircumstances and, accordingly, include certain amounts basedon management’s best judgments and estimates. Financial infor-mation in this Annual Report is consistent with that in thefinancial statements.Management is responsible for maintaining a system ofinternal accounting controls and procedures to provide reason-able assurance, at an appropriate cost/benefit relationship, thatassets are safeguarded and that transactions are authorized,recorded and reported properly. The internal accounting controlsystem is augmented by a program of internal audits and appro-priate reviews by management, written policies and guidelines;careful selection and training of qualified personnel and a writ-ten Code of Business Conduct adopted by the Board ofDirectors, applicable to all employees of the Company and itssubsidiaries. Management believes that the Company’s internalaccounting controls provide reasonable assurance that assets are”safeguarded against material loss from unauthorized use ordisposition and that the financial records are reliable for prepar-ing financial statements and other data and for maintainingaccountability of assets.The Audit Committee of the Board of Directors, composedsolely of Directors who are not officers of the Company, meetswith the independent auditors, management and internal audi-tors periodically to discuss internal accounting controls andauditing and financial reporting matters. The Committeereviews with the independent auditors the scope and results ofthe audit effort. The Committee also meets with the indepen-dent auditors and the chief internal auditor without manage-
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