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FRAUD

Patisserie Valerie auditors handed £2.3m fines over failures

Patisserie Valerie auditors handed £2.3m fines over failures

Patisserie Valerie sign The auditors of collapsed cake chain Patisserie Valerie missed red flags, failed to question management properly and showed a serious lack of competence, according to regulators. The Financial Reporting Council (FRC) made its findings against accounting giant Grant Thornton and auditor David Newstead, handing them fines of £2.34 million and...

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FRC Financial Reporting Council Grant Thronton Nick Ansell Patisserie Valerie Valerie

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