UK accounting watchdog examining EY audit of Thomas Cook

Reuters Finance 2 months ago

LONDON (Reuters) - Britain’s Financial Reporting Council has started an investigation into accountant EY’s audit of Thomas Cook, the travel company that collapsed last month leaving tens of thousands of holiday-makers stranded abroad.

The FRC said on Tuesday it was examining the audit by the “Big Four” accountant into the financial statements of Thomas Cook for the year to Sept. 30, 2018.


Source link
Read also:
The Guardian › Finance › 2 months ago
FRC announces review of EY’s auditing in wake of travel firm’s collapseBritain’s accounting watchdog has begun an investigation into EY’s audit of Thomas Cook’s accounts, just over a week after the world’s oldest travel firm collapsed.The...
The Wall Street Journal › 1 month ago
Big Four audit and accounting firms in the U.K. are selling less nonaudit work to their audit clients, a finding that comes as some lawmakers are recommending firms separate their audit and consulting businesses to avoid conflicts of interest.
Reuters › Finance › 1 month ago
Britain's accounting regulator said on Tuesday it had fined Deloitte's audit engagement partner Ross Howard for misconduct in the audit of Serco Geografix's 2012 financial statements.
The Guardian › Finance › 2 months ago
Failure of world’s oldest travel company leaves bosses facing tough questions over their pay and performanceFormer Thomas Cook bosses under fire for excessive payUK ministers accused of sealing Thomas Cook’s fateMonday: Thomas Cook travel chaos...
Reuters › 2 months ago
Britain's Financial Reporting Council said on Tuesday it was considering investigating the collapse of travel company Thomas Cook.
The Guardian › Finance › 2 months ago
Watchdog has faced criticism following collapse of Carillion, Patisserie Valerie and othersBritain’s accounting watchdog has acted to tighten accounting standards following a spate of corporate failures in which auditors failed to flag up concerns...
The Guardian › Finance › 2 months ago
Investigation to focus on issues including executive pay, accounting and role of auditorsMPs are to hold an inquiry into the collapse of Thomas Cook, focusing on issues around the stewardship of the company, executive pay, accounting practices and the...
The Guardian › Finance › 2 months ago
Financial Reporting Council has power to impose penalties in event of irregularitiesBritain’s accountancy regulator is considering urgently whether to investigate the collapse of Thomas Cook and impose punishments if deemed necessary.The Financial...
The New York Times › Finance › 1 month ago
Britain's accounting regulator launched its biggest recruitment drive on Wednesday to hire 80 more staff as it transforms into a more powerful body to improve audit quality.
Al Jazeera › Politics › 1 month ago
Financial Reporting Council says the quality of the biggest accounting firms' audits falls short of necessary standards.
Sign In

Sign in to follow sources and tags you love, and get personalized stories.

Continue with Google
OR