Accounting Fraud at Tesco Stores (A)
This case describes the accounting fraud at Tesco Stores Limited’s (TSL), which was discovered by a senior accountant in TSL’s finance department. The accountant was concerned about TSL’s handling of commercial income, which, according to the accountant, overstated Tesco’s profit by an estimated £246 million. Beyond the accounting issue, the case describes Tesco’s organizational and cultural shortcoming causing this problem, how Tesco’s new CEO Dave Lewis responded to the allegations, and how the court held the Tesco accountable for its fraudulent accounting.
Citation:
Heese, Jonas, Suraj Srinivasan, and Julia Kelley. "Accounting Fraud at Tesco Stores (A)." Harvard Business School Case 120-032, September 2019. View Details