Patisserie Valerie were out of dough – auditors should have realised

FRP, the liquidators of Patisserie Valerie, are accusing the firm’s former auditors for negligence for not alerting the directors to the fact that the firm had no cash and are claiming £225m from them.

The auditors argue that it is not their place to identify and point out fraudulent behavior


This is a high profile claim brought by the liquidators of Patisserie Valerie against the auditors and, if successful, the case could have wide reaching implications for auditors. 

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