Patisserie Valerie: Restructuring firm FRP to take over from KPMG
Grant Thornton

Patisserie Valerie: Restructuring firm FRP to take over from KPMG

5y Chris Jewers

Patisserie Valerie: Restructuring firm FRP to take...

FRP Advisory, a restructuring firm, were chosen by creditors that include HMRC and Luke Johnson, the former chairman of Patisseries Valerie. Read More...

View article
5 people arrested in Patisserie Valerie scandal
Company News

5 people arrested in Patisserie Valerie scandal

5y Tom Lemmon

5 people arrested in Patisserie Valerie scandal

Five unnamed people have been arrested in connection with the accounting fraud scandal at Patisserie Valerie which led to the collapse of the cafe cha...

View article
Life after BHS, Carillion, & Patisserie Valerie: Is there light at the end of the tunnel for audit?
Audit

Life after BHS, Carillion, & Patisserie Valerie: Is there light at the end ...

5y Accountancy Age

Life after BHS, Carillion, & Patisserie Valerie: I...

In her final article for Accountancy Age, Lucy explores quality of audit in the past and now, and what the future of the profession looks like Read Mo...

View article
Patisserie Valerie rescued in management buyout backed by Causeway Capital Partners
Audit

Patisserie Valerie rescued in management buyout backed by Causeway Capital ...

5y Idris Nagri

Patisserie Valerie rescued in management buyout ba...

After being on the brink of complete collapse, Patisserie Valerie and 2,000 of its jobs has been saved Read More...

View article
Patisserie Valerie receiving multiple bids despite being shrouded in fraud
Audit

Patisserie Valerie receiving multiple bids despite being shrouded in fraud

5y Idris Nagri

Patisserie Valerie receiving multiple bids despite...

Over 920 people who were made redundant due to store closures will not be paid this month Read More...

View article
How did fraud come about in the Patisserie Valerie case?
Insolvency

How did fraud come about in the Patisserie Valerie case?

5y Idris Nagri

How did fraud come about in the Patisserie Valerie...

Simon Bonney, partner and insolvency expert, said “It is difficult, given the extent of the fraud, that this isn’t something that could have been spot...

View article
Patisserie Valerie plunges into administration closing 70 cafes immediately
Audit

Patisserie Valerie plunges into administration closing 70 cafes immediately

5y Idris Nagri

Patisserie Valerie plunges into administration clo...

It is thought that up to 900 Patisserie Valerie employees could lose their jobs Read More...

View article
Is Patisserie Valerie fraud worse than everyone originally thought?
Audit

Is Patisserie Valerie fraud worse than everyone originally thought?

5y Idris Nagri

Is Patisserie Valerie fraud worse than everyone or...

The popular cake chain says it's accounts were 'significantly manipulated' before its near-collapse last year Read More...

View article
Patisserie Valerie admits supplier payment issues amidst fraud investigation
Business

Patisserie Valerie admits supplier payment issues amidst fraud investigatio...

5y Idris Nagri

Patisserie Valerie admits supplier payment issues ...

Interim CFO Nick Perrin said "It was identified that there are many creditors with a large backlog of unpaid invoices." Read More...

View article
Patisserie Valerie chooses RSM to succeed Grant Thornton as auditor
Audit

Patisserie Valerie chooses RSM to succeed Grant Thornton as auditor

5y Idris Nagri

Patisserie Valerie chooses RSM to succeed Grant Th...

RSM will audit Patisserie Valerie's accounts as the fraud scandal continues to unfold Read More...

View article
Patisserie Valerie: Reflections and future predictions on the cake business fraud scandal
Business

Patisserie Valerie: Reflections and future predictions on the cake business...

5y Idris Nagri

Patisserie Valerie: Reflections and future predict...

Accountancy Age catches up with Gavin Pearson, forensic accounting and expert witness partner at Quantuma on the Patisserie Valerie accounting investi...

View article
Patisserie Valerie admits millions in undisclosed shares given to CEO and CFO
Tax

Patisserie Valerie admits millions in undisclosed shares given to CEO and C...

6y Idris Nagri

Patisserie Valerie admits millions in undisclosed ...

The cake chain may have survived its High Court case but Patisserie Holdings admits it gave millions in share bonuses to its CEO and CFO Read More...

View article
Was lack of visibility to blame for Patisserie Valerie fraud?
Audit

Was lack of visibility to blame for Patisserie Valerie fraud?

6y Idris Nagri

Was lack of visibility to blame for Patisserie Val...

With nearly 3,000 jobs at stake, Accountancy Age speaks to Mario Spanicciati, chief strategy officer at BlackLine about what was to blame for the frau...

View article
Audit reform omission shows it is ‘not a priority’ for government
Audit

Audit reform omission shows it is ‘not a priority’ for government

8m Greg Noble

Audit reform omission shows it is ‘not a priority’...

Ministers had committed to overhauling the audit and corporate governance systems in response to scandals at companies like retailer BHS in 2016 and P...

View article
Accounting fraud in the UK: How recent scandals are impacting practices
Audit

Accounting fraud in the UK: How recent scandals are impacting practices

4y Victoria Pavlova

Accounting fraud in the UK: How recent scandals ar...

UK accounting industry under scrutiny after recent fraud scandals at Patisserie Valerie and Carillion Read More...

View article
2020 Predictions: Industry transparency is life or death for accountancy
Business

2020 Predictions: Industry transparency is life or death for accountancy

4y Shannon Moyer

2020 Predictions: Industry transparency is life or...

Following a year of scandals and further loss of public trust, accountancy firms will have to become even more transparent in 2020 to mitigate the imp...

View article
Toppled from the top – The risk of fraud
Audit

Toppled from the top – The risk of fraud

5y Roger Isaacs

Toppled from the top – The risk of fraud

Roger Isaacs - Forensic Partner at Milsted Langdon - talks about the Patisserie Valerie collapse and what its impact has been and the role of forensic...

View article
Grant Thornton to up audit quality with new appointment
Audit

Grant Thornton to up audit quality with new appointment

5y Dave Beach

Grant Thornton to up audit quality with new appoin...

Grant Thornton has today appointed insider Fiona Baldwin as head of audit, several months after the Patisserie Valerie debacle Read More...

View article
Battle lines drawn over auditors’ role in combating fraud
Audit

Battle lines drawn over auditors’ role in combating fraud

8m Lawrie Holmes

Battle lines drawn over auditors’ role in combatin...

Improvements in the corporate governance code and a new regulator could provide the impetus for auditors to take a bigger role in fraud detection, tho...

View article
Audit scandals rendering profession ‘unattractive’ to newcomers
Accounting Firms

Audit scandals rendering profession ‘unattractive’ to newcomers

8m Greg Noble

Audit scandals rendering profession ‘unattractive’...

The FRC has overseen a major uptick in audit enforcement activity recently, with the regulator issuing fines of £33.3m in 2022, a 77% increase from th...

View article
FRC announces major overhaul of UK Corporate Governance Code
Audit

FRC announces major overhaul of UK Corporate Governance Code

11m Sam Alberti

FRC announces major overhaul of UK Corporate Gover...

The proposals form part of an ongoing overhaul of audit and corporate governance in the UK Read More...

View article
Corporate governance reform vital to address organisational “culture crisis”
Corporate Governance

Corporate governance reform vital to address organisational “culture crisis...

2y Patricia Cullen

Corporate governance reform vital to address organ...

Businesses must adopt a healthy corporate culture or risk legal and business consequences Read More...

View article
Reflections on the continuing absence of audit reform
Audit

Reflections on the continuing absence of audit reform

2y Stephen Baker

Reflections on the continuing absence of audit ref...

The government has promised a new dawn for audit reform. Stephen Baker, senior partner at Baker & Partners, asks whether it will it be another false d...

View article
Overdue audit and corporate governance reforms on the horizon
Corporate Governance

Overdue audit and corporate governance reforms on the horizon

2y Anca Thomson

Overdue audit and corporate governance reforms on ...

The UK government’s plans for audit and corporate governance reforms have appeared in this month’s Queen’s Speech, to the relief of many, says Anca Th...

View article
Managed shared audit “insufficient”, ICAEW argues
Audit

Managed shared audit “insufficient”, ICAEW argues

2y Sam Alberti

Managed shared audit “insufficient”, ICAEW argues

Stakeholders have expressed little support for the plans Read More...

View article
KPMG insolvency misconduct “further emphasises” need for independent regulator, MPs say
Insolvency

KPMG insolvency misconduct “further emphasises” need for independent regula...

3y Sam Alberti

KPMG insolvency misconduct “further emphasises” ne...

The landmark case is said to have exposed patterns of neglect in the profession Read More...

View article
‘Tick-box’ fears over FRC’s revised auditing standard on fraud
Audit

‘Tick-box’ fears over FRC’s revised auditing standard on fraud

3y Tom Lemmon

‘Tick-box’ fears over FRC’s revised auditing stand...

FRC’s revised ISA (UK) 240 standard draws mixed response Read More...

View article
AAT and ICAEW tussle over calls for compulsory membership
Accounting Standards

AAT and ICAEW tussle over calls for compulsory membership

3y Sam Alberti

AAT and ICAEW tussle over calls for compulsory mem...

“It’s unduly harsh” Read More...

View article
1 2 3