Probe into Thomas Cook’s collapse extended

The Financial Reporting Council is extending its investigation into the accounts of Thomas Cook, which collapsed in September.

“Matters being investigated by the Financial Reporting Council (FRC) concerning EY’s audit of the financial statements of Thomas Cook Group Plc (Thomas Cook) for the year ended 30 September 2018 will now include an investigation into EY’s audit of Thomas Cook’s financial statements for the year ended 30 September 2017.”

“The FRC will continue to keep the scope of the investigations under close review.”