The global accountancy firm Grant Thornton is making headlines in the UK after its British office was fined £2.3 million in relation to auditing failures at the collapsed cafe chain Patisserie Valerie. The final sum was discounted from £4 million thanks to mitigating factors including early admission and payment. What is less well known is the Irish involvement in the rescue of what could be salvaged of the business after the scandal. The events at the centre of the fines imposed by the UK’s Financial Reporting Council on Grant Thornton and one of its auditors date back to late 2018,…

Want to continue reading?

Join today with an Annual membership and get full access to The Currency for just €200 (68c per day) or try monthly membership for just €5 for your first month.

Subscribe

Cancel at any time.

Are you already a member? .