KPMG UK and the liquidators of Carillion have reached a settlement agreement, putting an end to the £1.3 billion legal claim against the professional services giant.
The Financial Conduct Authority (FCA) has fined three former executive directors of Carillion as part of its public censure on the firm.
KPMG has been fined £20 million by the Financial Reporting Council (FRC) for its audits of Carillion and Regenersis. The fine, which is the largest the big four firm has received in the UK, is part of sanctions for misconduct of audits carried out by KPMG for Carillion and Regenersis. The fine
Big Four firm KPMG is set to be fined £14.4 million after a Financial Reporting Council (FRC) tribunal found that its auditors deliberately misled regulators during routine inspections of its audit of collapsed government contractor Carillion. The £14.4m fine for KPMG would be the second
Failings by Network Rail and collapsed outsourcing giant Carillion were to blame for the 2020 Stonehaven rail crash which killed three people, an investigation has found.
The UK Government is suing KPMG for £1.3 billion over allegations it was negligent in its audit of Carillion in 2016. Government ministers have accused KPMG of failing to respond to "red flags" in Carillion's accounts ahead of its collapse in 2018.
KPMG's chief executive Jon Holt has admitted that the Big Four firm misled the Financial Reporting Council (FRC) over its audit of collapsed outsourcer Carillion. In a statement released on the first day of a five-week disciplinary tribunal over the behaviour of the firm and six former employees, Mr
The liquidators of Carillion have launched a potential £250 million legal claim against KPMG - the former auditor of the collapsed contractor.
The Financial Reporting Council’s (FRC) executive counsel has delivered a disciplinary Formal Complaint, under the Accountancy Scheme, against KPMG, a former KPMG partner and certain current and former KPMG employees relating to the audits of Carillion. The Formal Complaint alleges misconduct
Litigation Capital Management (LCM) has agreed to back a £250 million negligence claim against KPMG for its audits of Carillion. The litigation funder said it would fund a High Court claim brought by the liquidator of the collapsed contractors entities.
The collapse of corporate giant Carillion in January 2018 highlights a culture of financial deviance embedded at the heart of the UK construction sector, according to new research by London South Bank University (LSBU).
The UK Government has launched new legal action against eight former directors of failed contractor Carillion which could see them banned from running businesses for up to 15 years.
Ramsay Hall: FCA warning notice to Carillion for misleading messaging – a lesson for the construction industry
As the Financial Conduct Authority investigation into the 2018 Carillion case concludes with the watchdog intending to take further action against its directors, Ramsay Hall argues that the lessons for the industry as a whole is that sending out misleading messages to the market about a company
The Financial Conduct Authority (FCA) has proposed a public censure for collapsed contractor Carillion instead of a financial penalty, despite finding its directors to have been knowingly reckless in their reporting of the company’s performance.
The Financial Reporting Council (FRC) has indicated that rule breaches have been discovered in its investigation into KPMG’s audits of collapsed contractor Carillion.