The Diamond Foods case provided great insight into how companies can manipulate results that can...
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Accounting
The Diamond Foods case provided great insight into how companies can manipulate results that can have far-reaching implications. In this case, the underreporting of a critical expense directly led to increased earnings that led to stock price increases, enhanced bonus payouts, and personal gain. If you were the new CFO at Diamond Foods after this scandal was realized, what procedures or policies would you implement to minimize the risk of fraudulent financial reporting and manipulation
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