Thomas Cook auditors investigated by accounting watchdog

Thomas Cook workers enter the headquarters in the morning

A special employment fair for the thousands of workers - including Wigan ones - who have lost their jobs in the demise of Thomas Cook will be held at Manchester Airport this Thursday.

Thomas Cook's collapse last week left around 9,000 staff in the United Kingdom jobless and more than 150,000 British holidaymakers stranded overseas, sparking the largest peacetime repatriation operation.

In a statement, Thomas Cook Belgium noted that it had 501 employees and 91 bureaus in Belgium, and said that it has gone bankrupt.

The FRC inquiry comes less than a week after Parliament's Business, Energy and Industrial Strategy (BEIS) select committee, which is looking at the collapse, demanded the appearance of executives and auditors for a hearing.

Out of a total of 9,917 hotels operating across Greece, 1,193 had partnered with Thomas Cook.

If the FRC's investigation finds any wrongdoing, it could lead to a severe reprimand and a fine for those involved.

Concerns have persisted over potential conflicts of interest in the sector, with the accounting giants - PwC, EY, Deloitte and KPMG - providing other financial services to businesses, in addition to auditing.

The Civil Aviation Authority said it was launching a new, online payment system next week for bookings made by payments methods other than direct debit and would enable customers to get refunds within 60 days of receiving refund forms.

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