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.
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
UK senior partner Phil Verity has been elected for a second term at Mazars