Recent events
Recent events tied to this brand in public sources.
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2021
Grant Thornton fined over Patisserie Valerie audits
The Financial Reporting Council fined Grant Thornton over its audits of Patisserie Valerie from 2015 to 2017, saying they missed red flags and failed to challenge the cafe chain’s management. The regulator reduced the fine from £4 million to £2.34 million due to mitigating factors.
2020
Grant Thornton fined for audit independence failures
The U.K. Financial Reporting Council fined Grant Thornton £1.95 million for firmwide ethical and independence failures concerning its audit of Conviviality Retail before the retailer collapsed in 2018. The fine was reduced from £3 million for admissions and early disposal.
2020
FRC fines Grant Thornton over Conviviality audit
The Financial Reporting Council fined Grant Thornton £3 million, discounted to £1.95 million for admissions, over failures and loss of independence in its audits of Conviviality, the collapsed owner of Bargain Booze. The FRC said Grant Thornton admitted breaching ethical standards and audit-independence requirements.
2020
BKD agrees to acquire part of Grant Thornton’s municipal audit practice
BKD CPAs & Advisors announced an agreement to acquire part of Grant Thornton’s municipal government audit practice, mostly in Texas and Oklahoma, as well as a small number of other clients.
2019
Grant Thornton fined over audit
The Financial Reporting Council fined Grant Thornton £650,000 over its audit of an unnamed listed company in 2016. The article reports that Grant Thornton admitted the offences and that the fine was reduced to £422,500.