How was mismanagement at Krispy Kreme reflective of leadership failure? Describe the financial shenanigans used by Krispy Kreme. In this regard, is earnings management always a sign of failed leadership? PwC had been Krispy Kremes auditor since 1992. How can a firms length of service influence audit decisions? What biases may creep up over time? Does it seem this occurred at PwC? One of the reasons behind Krispy Kremes financial shenanigans was its failure to meet earnings guidance. How might earnings guidance and the choice of non-GAAP measures reflect a particular style of leadership?