Stricken bakery chain's former chief financial officer also under FRC investigation

The accountancy watchdog has opened an investigation into Grant Thornton’s audit of crisis-stricken bakery chain Patisserie Valerie and its former chief financial officer as the regulator applies its recently beefed-up inspection programme.

The Financial Reporting Council said, in a statement published on November 21, that it would review the company’s financial statements for 2015, 2016 and 2017 under its strengthened Audit Enforcement Procedures, launched in October.

Watchdog to probe Grant Thornton’s audit of Patisserie Valerie

Emily Horton

Patisserie Holdings

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