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.