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25 January 2019 0 Comments Posted in Opinion, Retail & Leisure

With the evidence right under their noses – are the auditors actually to blame for Patisserie Valerie collapse?

Posted by , Trainee Solicitor

Whether or not Patisserie Valerie is saved from the brink, this will likely be of scant consolation to the current shareholders who have seen millions of pounds wiped off the value of their collective investments. With details of the fraud and its perpetrators still unknown, the spotlight may fall on the company’s auditors, Grant Thornton. With reports of “thousands of false entries” in Patisserie Valerie’s ledgers, could they be liable to the shareholders for failing to spot the fraud apparently passing right under their noses?

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21 November 2016 0 Comments Posted in Charities

Which one are we again? Separation in charity governance

Posted by , Trainee Solicitor

The findings of the Charity Commission’s recent inquiry into the Durand Academy and its supporting charities are an important reminder to charity trustees that no matter how much overlap there may be between a set of charitable and non-charitable organisations, the duties of the trustees and governors of each remain separate and cannot be assumed to be automatically fulfilled even when the relationship is running smoothly.

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