Hints and tips:
...In 2022, the administrators of Patisserie Valerie also settled a £200mn lawsuit with the firm that alleged negligence in its audits of the café chain....
...The members of APA, which do not include the largest mid-tier firms such as BDO and Grant Thornton, are “not a competitive threat” to the Big Four and the dominant firms should help their smaller peers in...
...In 2022, the administrators of Patisserie Valerie also settled a £200mn lawsuit with Grant Thornton that alleged negligence in its audits of the café chain....
...Since 2021, Grant Thornton has been fined more than £4mn for shortcomings in its audits of collapsed café chain Patisserie Valerie, retailer Sports Direct and outsourcer Interserve....
...BDO and Grant Thornton, the two largest challengers to the Big Four, have signalled they may prefer to win more FTSE 250 audits on a solo basis than to participate in a large number of shared audits....
...Last June the administrators of Patisserie Valerie settled a £200mn lawsuit with accountants Grant Thornton that alleged negligence in its audits of the café chain....
...They also allegedly made false statements to auditor Grant Thornton, namely that certain invoices issued between 2015 and 2018 were genuine....
...All five Grant Thornton audits inspected received the highest rating....
...Grant Thornton had audited Patisserie Valerie for 12 years but failed to spot an alleged manipulation of its books....
...It has also settled a legal claim brought by the administrators of Patisserie Valerie. Grant Thornton said it was pleased to conclude the “long-running matters”....
...Grant Thornton’s UK profits rose more than a third to £116mn last year despite regulatory fines for its audits of Patisserie Valerie and Interserve, which both collapsed in 2019....
...Grant Thornton, the challenger firm slammed for a “serious lack of competence” in its audit of Patisserie Valerie, has largely stopped competing for new work auditing big companies....
...Three years from foul to fine counts as lightning fast for the accounting watchdog, which this morning fined Grant Thornton over the Patisserie Valerie fiasco....
...Among the other firms, Grant Thornton was fined three times, including over its auditing of Patisserie Valerie, the café chain that collapsed due to a suspected fraud in 2019....
...All five audits by Grant Thornton, the UK’s sixth-largest auditor by revenue, were deemed up to scratch....
...Happy Monday to you all – except, perhaps, Grant Thornton....
...Patisserie Valerie was audited by Grant Thornton from 2007 and listed its shares on Aim in 2014....
...Grant Thornton is defending a £200mn claim by the administrators of café chain Patisserie Valerie, which it audited until its collapse in 2019....
...A damning report by the UK accounting regulator in September exposed a litany of failings in Grant Thornton’s audits of cake seller Patisserie Valerie, which went into administration in January 2019....
...The regulator imposed a £2.3m fine at the end of September for a “serious lack of competence” in the firm’s auditing of café chain Patisserie Valerie, which also went into administration....
...On the face of it, the £2.3m fine for Grant Thornton for a “serious lack of competence” in its audits of Patisserie Valerie would seem to show why....
...Mazars is under investigation by the FRC over its audit of retailer French Connection while Grant Thornton has been fined £3m in the past four months over its audits of café chain Patisserie Valerie and...
...The ruling is the latest legal blow to Grant Thornton. Liquidators of Patisserie Valerie are suing it for £200m for failing to spot an alleged accounting fraud at the café chain....
...Valerie audits”, September 28)....
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