Following the arrest of Patisserie Valerie’s Financial Director, revelations about accounting irregularities, missing cash reserves and secret overdrafts have sent shockwaves across the business press and any number of boardrooms alike.
Whilst it’s still too early to speculate about the future trading situation of the company, or the outcome of any criminal investigation, it does raise a bigger question about how organisations end up in such dire straits and how potentially fraudulent behaviour can go unchecked.
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