Carillion

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.

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.

The accountancy failures surrounding the collapse of Carillion are costing other firms with government contracts millions of pounds in annual audit fees.

The two private finance initiative (PFI) hospitals that Carillion was building at the time it collapsed are currently due for completion several years late and at vastly increased budgets, a National Audit Office (NAO) investigation has confirmed today.

The Financial Reporting Council (FRC) has revealed it will need at least another six months to investigate KPMG’s auditing of collapsed construction and services firm Carillion due to the scale and complexity of the case.

The Financial Reporting Council (FRC) is planning a drastic change to rules governing company boards which will place more responsibility on directors to vouch for the integrity of their financial controls.

A specialist manufacturer and installer of ventilation systems based in Coupar Angus has gone into liquidation with the loss of more than 80 jobs.

Aggressive accounting policies and a close relationship with KPMG was the cause of the collapse of Carillion, according to a new construction industry survey.

The influential Business, Energy and Industrial Strategy (BEIS) committee of MPs has publicly endorsed the recommendations made last year by a Competition and Markets Authority (CMA) report on reform of the audit industry, and have even called for a break-up of the so-called “Big Four” a

The accountancy watchdog has announced an expansion of its probe into KPMG’s audit of Carillion for the second time. The Financial Reporting Council (FRC) says it will now look into work on the collapsed contractor’s 2013 accounts but it did not say why it has wi

A ten minute rule bill was proposed yesterday which called for payments on government and public authority contracts to be made through a ‘project bank account’ system. Debbie Abrahams MP’s bill - titled Public Sector Supply Chains (Project Bank Accounts) Bill – aims to help

On the one-year anniversary of the administration of Carillion's dramatic collapse, new research has revealed the realities of working inside the UK contractor market. The study by international law firm CMS, in conjunction with business research group Explain the Market, canvasses views from execut