PricewaterhouseCoopers has instead asked that an outside law firm hired by the doughnut-maker complete ‘certain additional procedures’ before it finalises its review, The Daily Telegraph reported.
Auditor concerns are believed to relate to an acquisition made last year – the law firm, which has not been named, has already concluded that no employee of Krispy Kreme engaged in ‘intentional misconduct’.
This is just the latest in a chain of bad news for the doughnut business, which has seen sales fall after expanding rapidly.
It gave a profits warning in May and faces an inquiry by the Securities & Exchange Commission into its accounting, which is at the ‘informal’ stage.
Krispy Kreme, based in the US, has four stores in the UK including one in Harrods and one at Canary Wharf.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016