Page 14 - Patisserie Valerie Teaching Note
P. 14
Case Issues
Case issues range from questioning the role and
responsibilities of management, auditors, accountants to
inevitability of fraud
Issue 1
Whose responsibility is it to detect fraud?
Is it the auditors who audit the accounts or management
who have responsibility for running the company?
Issue 2
To what extent is auditing an oligopolistic based industry
where the big six firms overlap in their activities?
Issue 3
Corporate Governance and the internal audit