Accountancy profession 'complicit in Thomas Cook failure'

Rachel Reeves, chair of business committee, says legal reform neededThe chair of an influential parliamentary committee has launched a blistering attack on the accounting industry, accusing it of being complicit in the failure of Thomas Cook, Carillion and other firms and called for urgent reform of the sector.Rachel Reeves, who chairs the business, energy and industrial strategy committee, said: “I wonder how many more company failures, how many more egregious cases of accounting do we ne