Financial Reporting
| Use attributes for filter ! | |
| Google books | books.google.com |
|---|---|
| Originally published | 1986 |
| Authors | David Alexander |
| Anne Britton | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 2114258 |
About Financial Reporting
"The seventh edition of this text, Financial Reporting, combines financial accounting theory with a detailed examination of the legal and regulatory framework of accounting. . . .
Carillion: Record fine for KPMG over 'exceptional' failure
... The Financial Reporting Council, which regulates accountants, said the £21m fine was due to the " number, range, and seriousness" of issues in KPMG s work...
Credit Suisse bank: UBS said to be in takeover talks with troubled rival
... Shares in Credit Suisse have fallen sharply in recent days after it said it had found " material weakness" in its Financial Reporting...
Credit Suisse shares hit as investor fears reignite
... Earlier this week, it rattled investors when it admitted that it had found " material weakness" in its Financial Reporting, while its biggest shareholder - the Saudi National Bank - said it could not inject further funds into the Swiss lender...
Asia markets fall as global banking fears widen
... Shares in the bank plunged after it found " weakness" in its Financial Reporting...
Stock markets hit again by banking worries
... " Credit Suisse s shares slumped after it revealed on Tuesday that its auditor, PwC, had identified " material weaknesses" in its Financial Reporting controls...
Thomas Cook refund website looks with 60,000 claims on day one
... The Financial Reporting Council, the accounting watchdog, is also investigating the auditing of the company...
Thomas Cook: Final return flights touch down
... The Financial Reporting Council, the accounting watchdog, is also investigating the auditing of the company...
Patisserie Valerie's managers rescue chain
... Also under investigation, by the Financial Reporting Council, are former Patisserie Valerie auditors Grant Thornton...
Patisserie Valerie's managers rescue chain
Patisserie Valerie is being bought out of administration in a deal that will save nearly 2,000 jobs.
The management team at the coffee and cake chain has secured backing from investment firm Causeway Capital to take over 96 shops.
Sister brand Philpotts has also been sold in a separate deal, saving a further 21 stores.
Collectively the chains fetched £13m - a fraction of what The Group was once Worth .
Patisserie Valerie's parent company, Patisserie Holdings, collapsed in January following an accounting scandal.
Patisserie Valerie's chief executive, Steve Francis , who is leading the management team buy-out, said The Move would end "a disruptive period of uncertainty for The Business " and provide The Foundation for "an exciting future".
Matt Scaife, a partner at Dublin-based Causeway Capital, said Patisserie Valerie was a "much loved" heritage brand that his firm looked forward to helping return to growth.
Luke Johnson , until recently The Firm 's chairman and biggest shareholder, said: "While I'm naturally deeply disappointed at the events that led us to this point, I wish The Company well. "
The Entrepreneur , whose stake in The Group was Worth £165m back in October, will no longer be involved in The Business .
Mr Francis told the Financial Times that he and other managers would own "More Than the usual 10% [of Patisserie Valerie], but nowhere near control".
Another subsidiary, Baker & Spice, is still seeking a buyer but Patisserie Holdings said there had been "strong interest".
Patisserie Valerie was plunged into crisis in October when accounting irregularities were uncovered. It hired KPMG to try to salvage the brand which dates back nearly 100 years.
KPMG closed 70 outlets, with the loss of 920 jobs. Restructuring talks broke down in January, leaving no option but administration.
The Serious Fraud Office is carrying out a criminal investigation into Patisserie Valerie and finance director Chris Marsh by The Company .
Also under investigation, by the Financial Reporting Council, are former Patisserie Valerie auditors Grant Thornton .
The First Patisserie Valerie opened in Soho in 1926, established by Belgian husband and wife team Theo and Esther Vermeirsch. Esther, born Esther van Gyseghem, became known as Madame Valerie. The Chain expanded rapidly across the UK after entrepreneur Luke Johnson invested in the brand in 2006.
patisserie valerie, companies
Source of news: bbc.com