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Tag: Carillion

New watchdog created

Financial Reporting Council axed after audit failures

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Carillion’s collapse triggered calls for change   The watchdog for the accountancy profession is to be scrapped after being criticised over the failure of auditors to spot high profile companyRead More

Revenue surges at Big Four firm

KPMG partners enjoy 15% pay rise despite audit criticism

Big Four accountancy firm KPMG shrugged off the damage to its reputation from the collapse of Carillion to announce a sharp rise in pay for partners and surge in revenue. PartnersRead More

Break with other big four firms

KPMG halts non-audit work amid ongoing probes

First mover: KPMG is the first of the big four to stop providing non-audit services   KPMG will stop providing non-audit work for FTSE 350 companies whose accounts it monitors,Read More

Big Four facing inquiry

Clark ponders new law after ordering audit review

Greg Clark
Greg Clark: ‘questions about competitiveness’   UK Business secretary Greg Clark has instigated a review of the audit sector following concerns over its failure to spot large scale company collapses.Read More

New rules unveiled

Directors face tougher penalties for reckless behaviour

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Company directors face a greater likelihood of disqualification under tough new rules to tackle reckless boardroom behaviour.

Review of governance

Code review aims to boost trust in big business

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New moves to control the behaviour of company boards and improve public trust in big business are published today.

Claims and insolvencies rise

Company failures soar as Carillion collapse takes toll

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Companies are falling victim to non-payment of debt at the highest rate for almost a decade, according to new figures.

Row over outsourcing

Taxpayers face £148m bill over Carillion collapse

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Taxpayers face a £148 million bill following the collapse of construction giant Carillion, the National Audit Office has said.

MPs find 'rotten corporate culture'

Big Four auditors face break-up call over Carillion

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The Big Four accountancy firms are facing calls to be broken up ...

Company held back payments

Carillion used cash owed to suppliers to hide debt

Keith Cochrane
Failed construction giant Carillion used money owed to its suppliers, many of them small businesses, to hide the true level of its debt, an inquiry has revealed.