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Grant Thornton UK fined £2.3m for Patisserie Valerie audit misses

Summary by Ground News

Accountants also appeared to have difficulty obtaining basic information from bank statements. In one case, nearly three-quarters of the group’s entire annual revenue was received in one payment from a third party company. Large cash receipts from traders called Market Pete and Browm [sic] Bread should also have raised red flags but didn’t.

2 Articles

2 Articles

Irish Independent

Grant Thornton UK fined £2.3m for Patisserie Valerie audit misses

The UK’s accounting watchdog has imposed sanctions against Grant Thornton Ltd and a partner at the firm over alleged accounting fraud at the Patisserie Valerie bakery chain.

4 years ago·Ireland

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Grant Thornton fined £2.3m for Patisserie Valerie failures

The accounting firm has been penalised for 'lack of competence' in its audits of the cafe chain. Plus read our analysis of what went wrong

4 years ago·London, United Kingdom

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Leaning Left0Leaning Right2Center0Last Updated4 years agoBias Distribution

100% Right

Bias Distribution

100% of the sources lean Right

100% Right

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The Telegraph broke the news in London, United Kingdom 4 years ago on Monday, September 27, 2021.

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