Diamonds Foods, Inc case describes basic accounting to blow up in the company in late 2011, which was caused by the report of Off Wall Street, the famous short-selling research firm. Diamond Foods, a high-flying growth company in 2011, has grown from a cooperative walnut farmers in 2005, branded snacks manufacturer for a number of acquisitions. Accounting scandal that involved improper accounting of purchases led to a walnut diamond lowering its high profile acquisition of Pringles, SEC and Department of Justice investigations, leaving the CEO and CFO, as well as the rationale for high-flying growth. The case describes the history and growth of the company, investigative and analytical work of the RMO and allows students to understand the implications of the growth strategy and financial performance evaluation. In addition, in the case highlights the role of boards of directors and audit committees in the management of strategic and financial risk reporting. "Hide
by Suraj Srinivasan, Tim Gray Source: Harvard Business School 20 pages. Publication Date: February 13, 2013. Prod. #: 113055-PDF-ENG
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