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UK financial investigators have initiated a probe into the auditing of Thomas Cook Groups last full-year financial statement, following the collapse of the leisure company in September.Thomas Cook Groups audit was carried out by EY 鈥?formerly known as Ernst Young 鈥?which had secured the right to be the companys external auditor in 2017, following a tender process.EY took over as external auditor from PwC which had served in the role since 2008.Thomas Cook Groups audit committee reviewed EYs effectiveness following the completion of the 2016-17 and 2017-18 financial years.The review considered such matters as competence, understanding of the business, and effectiveness in identifying risks. In both years the committee concluded that EY had conducted an effective and independent audit of the accounts.Following the collapse of Thomas Cook Group on 23 September, the Financial Reporting Council says its enforcement division 鈥?under an audit enforcement procedure 鈥?will conduct a probe into the auditing of the com stanley cup panys accounts for the year to 30 September 2018.EYs audit report for the year highlighted a number of specific risk areas. It paid particula stanley cup r attention to whether the going-concern basis of the accounting was appropriate, although it identified no significant uncertaint stanley quencher y.But the auditor also pointed out the significant goodwill on Thomas Cook Group balance sheet, amounting to nearly 拢2.6 billion.While it agreed with management conclusions that no impairments wer Nhjd Airbus, Dassault warn over FCAS funding need
A pedestrian died Sunday night after he was hit by a car in Portland.The 37-year-old Portland man was walking on Riverside Street about 7:25 p.m. when he was hit by a car driven by a 26-year-old Port stanley cup land man, according to Brad Nadeau, stanley mugg a spokesperson for the Portland Police Department.Th stanley tazas e victim was taken to Maine Medical Center, where he succumbed to his injuries, Nadeau said Monday morning.Police have not released the identities of either man.The crash remains under investigation, and no charges have been filed.More articles from the BDN |
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