The UK watchdog, the Financial Reporting Council, slapped the fine on the company while one of its partners Richard Wilson, who was in charge of the 2017 and 2018 audits, was fined 105,000 pounds.

The UK’s accounting watchdog is reviewing the quality of Ernst & Young’s goodwill and going concern testing after fining the firm close to £4.9 million ($6.3 million) Thursday for its audits of ...

The Financial Reporting Council (FRC) said the failings in 2018 were “particularly serious” given Thomas Cook’s precarious financial position at the time. (Photo by Yui Mok/PA Wire ...

EY has been hit with a multimillion-pound fine and severely reprimanded for its audits on Thomas Cook, with the FRC noting that the firm’s failures led to significant breaches of standards.

EY has been fined nearly £5 million for breaching auditing standards when it checked the accounts of Thomas Cook before the high street travel agent collapsed in 2019. The Financial Reporting ...

The UK accounting regulator has fined Big Four firm EY nearly £4.9 million (€5.7 million) for “serious breaches of standards” in its audits of failed travel company Thomas Cook, wrapping up ...

comprising £2.6billion across the whole group, roughly 40 per cent of total assets. The breaches related to assessing Thomas Cook's goodwill impairment level and going concern status, as well as ...

The UK accounting regulator has fined EY £4.9mn for “serious breaches of standards” in its audits of failed travel company Thomas Cook ... with the travel group. That partner and their ...

EY and Wilson cooperated with the executive counsel's investigation and admitted serious standards breaches in the audit of Thomas Cook (Photo by Jack Taylor/Getty ... comprising £2.6bn across the ...

Thomas Cook, the world's oldest travel firm dating ... before selling it to Polish travel platform eSky Group last year. EY was given a financial sanction of 6.5 million pounds, which was ...

Serpentine has announced the Play Pavilion, a new structure designed by British architect Peter Cook in collaboration with the LEGO Group. Set to open on June 11 to mark World Play Day ...