Home Breaking Patisserie Valerie’s auditor Grant Thornton under investigation

Patisserie Valerie’s auditor Grant Thornton under investigation

by Purvai Dua
21st Nov 18 9:08 am

An investigation has been launched into the audit of Patisserie Holdings by Grant Thornton.

The Financial Reporting Council (FRC) said it was investigating the preparation and approval of Patisserie’s financial statements and other financial information by the company’s former Chief Financial Officer Christopher Marsh.

Patisserie has been under pressure since the accounting black hole was discovered in October. March was also arrested last month following these accounting irregularities.

The FRC, which oversees accounting in Britain, had been looking into the Patisserie case.

Britain’s Competition and Markets Authority (CMA) also launched a fast-track review of the audit sector in October with all options on the table after concerns over the collapse of construction company Carillion and poor results from reviews of audit quality.

Grant Thornton and Patisserie have not commented so far.

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