What lessons can be learnt from the collapse of Thomas Cook?

Simon Bittlestone, CEO of Metapraxis, shares his thoughts on the recent Thomas Cook collapse and the lessons that can be learned from the incident.

“The collapse of Thomas Cook highlights inadequacies within the system and, unsurprisingly, the spotlight often falls heavily on the work of the auditor. This is not unwarranted – a recent inquiry by the Financial Reporting Council (FRC) deemed 1 in 4 audits to be below the acceptable standard, with not one firm reaching the 90% quality target in a FTSE 350 company audit. ” Read the full article here

Business Chief

Read the full article here

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