Kraft Heinz concludes internal investigation into accounting errors

Kraft Heinz Co. has concluded that it has completed an internal investigation into accounting errors and changed the financial practices that resulted in a regulatory investigation and a sharp decline in the price of the food manufacturer's stock.

The food giant on Friday presented the Securities and Exchange Commission with an overdue annual report that it had concealed during a survey involving years of accounting misconduct. The inaccuracies, which underestimated the $ 208 million cost of sales, related to how Kraft Heinz booked the rebates and costs …