Page 15 - Patisserie Valerie Teaching Note
P. 15
Assessment Questions
Q1. How did the fraud at Patisserie Holdings plc happen
and what could have been done to mitigate it?
Q2. What happened to make the Patisserie Holdings plc go
downhill so quickly?
Q3. it is very difficult to explain how such severe fraud was
not picked up or at least why it wasn’t confirmed earlier
on.
Q4. “You’re a purchaser going in now to try and understand
what you are buying, are you buying a good business
which has been defrauded or are you buying a bad
business that was made to look good by a fraud?”
Q5. Should auditors be responsible for detecting fraud
within companies the audit?
Discuss
Q6. Why was Mike Ashley's Sport's Direct interested in
Patisserie Valerie?
