Question

On August 9, 2005, a special committee comprised of two independent directors of Krisp Kreme (the “Special Committee”) presented a report of its investigation into an accounting fraud to the board of directors.

The following numbers were included in the Krispy Kreme Special Committee report with respect to reversals of accruals during the fraud period.


Devise a scenario to explain how and why the Krispy Kreme accruals were made in the amounts that they were. What might have been the motivation for suchaction?


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  • CreatedDecember 30, 2014
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