Carillion

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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.

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

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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

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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

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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

16-30 of 116 Articles
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