rather than addressing these risks, he pressured the procurement division to deliver unrealistic savings targets
This shows how management is pressured to meet targets and can encourage certain behavior
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Kraft failed to design and maintain effective internal accounting controls for its procurement division.
This shows the importance of controls. Kraft’s failure allowed improper accounting practices to continue for years.
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The accounting improprieties resulted in Kraft reporting inflated adjusted
This shows and explains what we've learned about earnings management and ethical financial reporting. Companies love to manipulate for their benefits
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