The Whonka Chocolate Company: Corporate governance and controls over financial reporting

Robert G. Bromley, Steven A. Harrast

Research output: Contribution to journalArticlepeer-review


Whonka Candy Company (Whonka) is a case study dealing with internal control and corporate governance. The company has grown rapidly over the last few years and achieved a large share of the wholesale chocolate market. The growth has caused many changes to corporate operations and financial reporting. Your responsibility as a new member of Whonka's board of directors is to evaluate the company's current system of control. Use the knowledge you have obtained regarding the Sarbanes-Oxley (SOX) Act (2002) (Sarbanes-Oxley Act of 2002. 2002, July 30. Available at and the COSO Internal Control-Integrated Framework (1992 and 2012) (Committee of Sponsoring Organizations of the Tre. (1994). INTERNAL CONTROL - INTEGRATED FRAMEWORK. Jersey City, NJ: AICPA. Retrieved on June 12, 2012 from and best business practices of accounting system design and operation to develop a report to the board. This case will challenge your ability to think critically and practice your written communication skills.

Original languageEnglish
Pages (from-to)295-314
Number of pages20
JournalJournal of Accounting Education
Issue number4
StatePublished - Dec 2011


  • Accounting systems
  • COSO
  • Corporate governance
  • Critical thinking
  • Educational case
  • Internal controls
  • SOX


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