Please ensure Javascript is enabled for purposes of website accessibility

Patisserie Holdings Said It Was Hiring an Audit Firm That No Longer Exists to Replace Grant Thornton U.K. as Auditor

It’s the Friday before Christmas, and when you have a bad case of holiday brain, sometimes mistakes can happen. Sometimes these mistakes can be hilarious. Like this one from Patisserie Holdings, parent company of U.K. coffeehouse chain Patisserie Valerie:

What Patisserie Holdings meant to say was that it was hiring RSM U.K. as its new auditor, which the company stated in a corrected press release issued two hours later:

 

Patisserie Holdings is dumping Grant Thornton U.K. as auditor because GT is under investigation by the Financial Reporting Council for its audit of Patisserie’s financial statements for 2015-17.

The café chain almost collapsed this year due to “potentially fraudulent” accounting irregularities, which set off a chain of events that included the suspension, and then resignation, of CFO Chris Marsh, who was arrested on Oct. 12 before being released on bail.

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Related articles

grungy RSM logo

Layoff Watch ’23: RSM Is Getting Rid of Some ‘Highly Technical’ Consulting Folks

Heard a few grumblings about RSM layoffs earlier today, lo and behold there’s a Reddit thread. Text: Hearing rumors from multiple sources that RSM is conducting layoffs today and for the rest of the month. Areas impacted today: Transaction Advisory Services. If you are a client of RSM, ask for a new firm. Partners sending […]

illustration signifying layoffs

Grant Thornton Layoff Numbers Are In (UPDATE)

Ed. note: We’ve received some additional information about layoffs, see update at the bottom. The other day Grant Thornton sent out a firmwide email packed with words like “difficult but necessary decisions,” “values and culture,” and “continued investment in growth” to inform everyone that heads were soon to roll. While pointing out that “unlike peers,” […]