26 Sep 2019 Thomas Cook auditors under observation
Britain’s accountancy regulator Financial Reporting Council (FRC) will start soon to investigate the collapse of Thomas Cook. The investigation would likely focus on two Big Four audit firms, EY and PwC, in order to clarify their position and understand whether they have some responsibilities.
EY and PwC declined any comment.
For further information, see the articles listed below:
https://www.ft.com/content/f8454e2e-deda-11e9-9743-db5a370481bc