The 2018 insolvency led to years of agonising by accountancy firms, with as yet no explanations or ways to avoid a repeatBankruptcies happen gradually, then suddenly, an Ernest Hemingway character famously deadpans in The Sun Also Rises. Yet the afterm…
Patisserie Valerie auditors fined £2.3m over ‘serious lack of competence’
FRC says Grant Thornton ‘missed red flags’ and failed to question information from managementThe auditor of Patisserie Valerie has been fined £2.3m and accused of a “serious lack of competence” over its role in the accounting scandal that led to the co…
EY fined by UK accountancy watchdog over Stagecoach audit failings
Penalty of more than £2.2m imposed after firm did not properly challenge transport group’s bosses EY has been fined more than £2.2m by the UK accountancy watchdog for failing to properly challenge Stagecoach bosses when auditing their accounts for 2017…