Watchdog finds work of Patisserie Valerie auditor unacceptable

Grant Thornton worst performer in Financial Reporting Council’s annual reviewOnly big fines will change how the auditors auditThe former auditor of Patisserie Valerie, the cake and cafe chain at the centre of an alleged accounting fraud, has been placed under increased scrutiny after the industry watchdog called the quality of its work “unacceptable”.Grant Thornton was the worst performer in the Financial Reporting Council’s annual review of audits by the UK’s big accountants. The FRC said half of the eight Grant Thornton audits it inspected for 2017/18 required significant improvement. Continue reading…
Via: Watchdog finds work of Patisserie Valerie auditor unacceptable