EDDC’s external auditor tightens its procedures after Patisserie Valerie scandal

“Grant Thornton announced an independent review and a 7 million pound revamp of its UK accounting operations on Saturday to improve standards after regulators opened an investigation into its audit of café chain Patisserie Valerie that came close to collapse last year.

The accounting firm said the measures were part of its response to recent “scrutiny of its audits of large listed companies”, and wider efforts to prepare the business to compete for audit work from Britain’s top 350 listed companies “should changes in the market present a more level playing field for competition”.

Britain’s accounting watchdog, the Financial Reporting Council, said in November it was investigating Grant Thornton’s audit of Patisserie Valerie for 2015-2017.

Dave Dunckley, chief executive of Grant Thornton in Britain, said the firm would work with clients and the regulator to go further.

“The independent review of our audit practice this autumn will be an important part of our continued efforts to improve,” Dunckley said in a statement.

Britain’s Competition and Markets Authority has proposed sweeping reforms of the UK audit market after questions were raised about accounting standards following the collapse of retailer BHS and construction company Carillion, which took place before Patisserie Valerie’s problems were came to light. …

https://uk.reuters.com/article/uk-britain-accounts-grantthornton/grant-thornton-revamps-uk-audit-after-patisserie-valerie-scandal-idUKKCN1TN0DV?

Schools need protection from air pollution

… Reviews of air pollution in schools, similar to Ofsted inspections, will be launched for the first time amid mounting concerns over the effect of toxic fumes on pupils’ health and education.

Air quality audits will be carried out in classrooms and playgrounds, with a range of measures being introduced to clean up the worst affected schools.

This includes the possibility of cars being banned from streets bordering some schools and moving bus stops further away from schools. …”

Source:Times, paywall

Both our MPs backed “also rans” for PM – what now?

Swire was Raab’s campaign manager – Raab was knocked out of the race.
Parish backed old coke-snorter Gove, who is also out of the race.

So who will they back now?

Both started off as Remainers and switched to Brexit (they can change their minds, we can’t).

Johnson and Swire are both Old Etonians, so that looks a pretty likely match.

Parish left school at 16 to work on the family farm so Bojo AND Hunt, who have no interest in agriculture, will patronise him, if they notice him at all.

Neither of them says anything (much at all) on their websites.

Probably still trying to extricate themselves from the tangled voting webs.