As managerial accountants become more active participants in the management team, determine what the interactions that the CFO and controllers are having with members of their management teams and what are the ethical responsibilities of the CFO's and controllers?

Conduct research on the NutraCea case with the SEC. Each student should bring to the discussion one aspect of wrongdoing in the case indicated by the SEC and from the prospective of one of the players in the SEC case. The following persons were part of the investigation:

CEO (Edson)

CFO (Crow)

Kline (controller)

Adelman (VP & secretary)

Players from other firms (Bi-Coastal Pharmaceutical and ITV Global)

Explain why the actions were taken by the management of NutraCea were taken, and whether you think any wrong doing actually occurred. What do you think were the controllers and CFOs ethical responsibilities? Are the responsibilities of the CFO and controller different in this case?

Here is the article for the NutraCea case:

https://www.sec.gov/news/press/2011/2011-10.htm

Additional articles:

http://sfmagazine.com/wp-content/uploads/sfarchive/2007/09/Linking-Governance-to-Strategy-The-Role-of-the-Finance-Organization.pdf

http://www.ifac.org/system/files/publications/files/redefining-management-accounting.pdf