Case 7-5 Kraft Heinz

Questions

1. Given the discussion in the chapter about reporting restatements of the financial statements to the SEC, explain why Kraft did not follow all the rules in reporting the numbers in Exhibit 2.

2. Comment on how the company addressed operational issues in its Form 8-K. What role did they play in deciding to restate the financial statements?

3. Are there any conclusions you can draw about the cause of misstatements at Kraft Heinz during the affected periods with respect to ethical leadership? Explain.