Page 16 - Patisserie Valerie Teaching Note

Objectives & Learning Outcomes

After reading this case study you should

1: Appreciate the roles and responsibilities of auditors

2: Appreciate that fraud detection is not simply the

responsibility of accountants

3: Appreciate that business failure, for whatever reason,

impacts on more than just the shareholders.

4. Understand the importance of cash flow

5: Understand the importance of audit assets

6. Understand the relationship of financial governance
with that of the Audit Committee within corporate

governance of a firm.