Kraft Heinz | Employee targets scrutinised after scandal

Common types of workplace misconduct include persistent tardiness, inappropriate or rude comments to colleagues or customers and misrepresentation on their initial job application. However, seldom do you hear that employees have doctored important financial data at work.  

On Monday Kraft Heinz announced that it will restate more than two years of financial statements for 2016 and 2017 after employee misconduct sparked an analysis of its procurement processes – CNN reports.

The fabricated financial statements, which date back to 2016, prompted a large-scale investigation that uncovered flaws in the firm’s accounting practises of its procurement contracts

The company said in a filing with the Securities and Exchange Commission – an independent government agency responsible for protecting investors and maintaining an orderly function of the securities markets – that an internal investigation revealed that employees had doctored numerous transactions to suppliers and procurement.