Big Four auditors failing to learn from company collapses - UK lawmaker

LONDON (Reuters) - Accounting firms have not shown a "learning curve" from the collapse of travel company Thomas Cook and builder Carillion, with urgent reform the only way to improve audit quality, a senior British lawmaker said on Tuesday.Rachel Reeves, a Labour lawmaker who is chair of parliament's business committee, said the failure of Thomas Cook showed again that accountants were not proactive in "doing the right thing".Reeves was holding a hearing with representatives of EY - formerly..