EDDC’s auditors (Grant Thornton) in the bad news spotlight again

“… In May, Patisserie Valerie said that it had £28.8m in cash reserves, while half-year profits were 14.2% up on the previous year at £11.1m.

On Thursday, the firm announced that its board had found “a material shortfall between the reported financial status and the current financial status of the business”.

Grant Thornton, which has audited the firm’s accounts since 2010, said it would not comment on Mr Johnson’s revelations to the Sunday Times.” …

https://www.bbc.co.uk/news/business-45854817

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