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Evening Standard
Evening Standard
Anna Wise

EY fined almost £5m for Thomas Cook auditing failures

EY Thomas Cook Richard Wilson FRC

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 Council (FRC) said the failings in 2018 were “particularly serious” given Thomas Cook’s precarious financial position at the time.

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