Page 13 - Patisserie Valerie Teaching Note
P. 13

Case Rationale




               This case study, Patisserie Holdings plc, is a teaching case

               providing some help and interpretation of the information

               provided. It explores a complex situation covering the fraud

               and collapse of Patisserie Holdings and the roles played by

               the entrepreneur and Chairman of Patisserie Holdings, its

               Chief Financial Officer and the auditors who claimed their

               role and function was not to detect fraud. The House of

               Commons committee, the Business, Energy and Industrial

               Strategy committee (BEIS), challenged this view as did other

               auditing firms in the industry and the perception of what the

               function of auditors is.
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