Corporate auditThe Corporate Audit department provides
senior management and the Audit Committee of Philip Morris International's
Board of Directors with objective assessments of the adequacy and effectiveness
of the financial/operational systems and controls in place across Philip Morris
International. These types of assessments are critical components to help us
deliver value to our shareholders and help earn the respect and trust of
investors. The Corporate Audit department provides the day-to-day audit support
and gives additional assurance to PricewaterhouseCoopers LLP that the Company's
operations are appropriately controlled and monitored. In addition, the
Corporate Audit department carries out reviews of the Company's operations all
around the world. In the course of these reviews, this department helps
maintain effective controls, compliance with company policies and process
efficiencies. Its work has helped Philip Morris International's businesses as
they enter developing and emerging markets, where it works with management to
bring the local controls and processes up to the standards demanded by Philip
Morris International. The entire Finance department, of which Corporate Audit
is a part, works to see that Philip Morris International maintains appropriate
management systems and controls as the Company strives to build shareholder
value and deliver long-term business success.