Editing Monsanto (section)

=== Improper accounting for incentive rebates ===
From 2009 to 2011, Monsanto improperly accounted for incentive rebates. The actions inflated Monsanto's reported profit by $31 million over the two years. Monsanto paid $80 million in penalties pursuant to a subsequent settlement with the [[U.S. Securities and Exchange Commission|US Securities and Exchange Commission]].<ref>{{Cite news|url=https://www.nytimes.com/2016/09/11/business/for-monsanto-whistle-blower-a-22-million-award-that-fell-short.html|title=Monsanto Whistle-Blower: $22 Million Richer, but Not Satisfied|last=Morgenson|first=Gretchen|date=2016-09-09|work=The New York Times|access-date=2017-12-22|language=en-US|issn=0362-4331}}</ref> Monsanto materially misstated its consolidated earnings in response to losing market share of Roundup to generic producers. Monsanto overhauled its internal controls. Two of their top CPAs were suspended and Monsanto was required to hire, at their expense, an independent ethics/compliance consultant for two years.<ref>{{cite web|url=https://www.sec.gov/litigation/admin/2016/33-10037.pdf |archive-url=https://web.archive.org/web/20160405051304/http://www.sec.gov/litigation/admin/2016/33-10037.pdf |archive-date=2016-04-05 |url-status=live|title=ORDER INSTITUTING ADMINISTRATIVE AND CEASE-AND-DESIST PROCEEDINGS PURSUANT TO SECTION 8A OF THE SECURITIES ACT OF 1933, SECTIONS 4C AND 21C OF THE SECURITIES EXCHANGE ACT OF 1934, AND RULE 102(e) OF THE COMMISSION'S RULES OF PRACTICE, MAKING FINDINGS AND IMPOSING REMEDIAL SANCTIONS AND A CEASE-AND-DESIST ORDER|website=SEC.gov|access-date=October 4, 2016}}</ref>