Defence support contractor Carillion fighting to stay afloat
If the liquidators weren't paid, you'd not get anyone to do it and the situation would be even worse for those owed money and not a 'protected' creditor.
I would prefer to ask why banks are protected but small companies aren't?
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I would prefer to ask why banks are protected but small companies aren't?
Last edited by NutLoose; 5th Feb 2018 at 18:29.
Gnome de PPRuNe
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Interesting to see how this goes - as a former Carillion employee I'd like to see them swing along with Carillion's so called senior leadership... be nice if our redundancy costs were refunded to the taxpayers.
https://www.ft.com/content/3b10ca83-...2-8c86857ebd33
KPMG faces £250m negligence lawsuit over Carillion
Claim expected to be first time government liquidators have attempted to sue auditors over major insolvency
Claim expected to be first time government liquidators have attempted to sue auditors over major insolvency
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Good, they are just as guilty as Carrilion and why should the taxpayer fund their incompetence.
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I wonder whether, if the OR is successful in their case, creditors who have lost out would be able to follow suit.
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Claim expected to be first time government liquidators have attempted to sue auditors over major insolvency
Gnome de PPRuNe
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KPMG accused of misleading watchdog over Carillion audit
Accusations come as the Government prepares to sue KPMG over its audit of Carillion in a bid to reclaim £250m on behalf of creditors
The accounting firm is facing a formal complaint from the Financial Reporting Council (FRC) over alleged misconduct amid a long-running investigation into the failure of Carillion, which was one of the Government's biggest contractors before it imploded in early 2018 under £7bn of debts.
Regulators' have complained about information provided by KPMG and its staff during an FRC inspection of how it audited Carillion’s financial statements in the year to December 2016.
Similar accusations have also been filed against KPMG in relation to the audit of another firm, Regenersis, in 2014.
Accusations come as the Government prepares to sue KPMG over its audit of Carillion in a bid to reclaim £250m on behalf of creditors
The accounting firm is facing a formal complaint from the Financial Reporting Council (FRC) over alleged misconduct amid a long-running investigation into the failure of Carillion, which was one of the Government's biggest contractors before it imploded in early 2018 under £7bn of debts.
Regulators' have complained about information provided by KPMG and its staff during an FRC inspection of how it audited Carillion’s financial statements in the year to December 2016.
Similar accusations have also been filed against KPMG in relation to the audit of another firm, Regenersis, in 2014.
