Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. This week Matt and Tom take a deep dive the recent SEC enforcement action involving Kraft Foods. While the subject matter of the enforcement action was fraudulent expense recognition, it turns out the real culprit was a corrupt culture. Some of the issues we consider are:

·      What were the underlying facts?

·      What does tone at the top really mean?

·      How does management cost cutting mantra lead to corruption? 

·      Why is incentive based comp so deterius?

·      What did SEC Commissioner Crenshaw say about this enforcement action?

Resources

Matt in Radical Compliance

Food For Thought From Kraft Foods

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