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- Title
Krispy Kreme Filing Cited for Its Details.
- Authors
Marshall, Jeffrey; Heffes, Ellen M.
- Abstract
The article discusses the impact of Sarbanes-Oxley Act of 2002 on financial disclosure. In August, 2005 Krispy Kreme Doughnuts Inc. divulged the financial statement adjustments, recent operating results, liquidity and capital resources, and material weaknesses in internal control over financial reporting in an 8-K filing. Experts say the amount of information the company released is a direct result of the Act's provisions. The franchise doughnut firm was charged in 2004 and 2005 with accounting fraud and inflated earnings reports.
- Subjects
UNITED States; UNITED States. Sarbanes-Oxley Act of 2002; FINANCIAL disclosure laws; KRISPY Kreme Doughnut Corp.; CORPORATION reports -- Law &; legislation; CORPORATE finance laws; COMPLIANCE auditing; INTERNAL auditing; ACCOUNTING standards; OFF balance sheet financing; ACCOUNTING; ACTIONS &; defenses (Law); AUDITING laws; LAW
- Publication
Financial Executive, 2005, Vol 21, Issue 8, p10
- ISSN
0895-4186
- Publication type
Article