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The Latest Breaking News from Carillion

Benzinga Before The Bell: Apple's iPhone Discount, Tesla's Bitcoin Loss, US Investor Fear And Other Top Financial Stories Monday, July 25

CNBC

Benzinga

KPMG fined £18.4m and four staff banned from accountancy profession for deliberately misleading regulators

Auditor submitted ‘false and misleading information and documents’ relating to collapsed construction firm Carillion

The Independent UK

KPMG fined £14.4m for misleading regulator about Carillion audit

Quartet of former staff at the big four financial services firm have been kicked out of Institute of Chartered Accountants in England and Wales for part played in audit work

Birmingham Post

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KPMG partner banned from accounting after misleading regulator over Carillion

Peter Meehan, who led audit of failed outsourcer, will also have to pay fine of £250,000

The Guardian - UK

KPMG hit with its biggest ever UK fine after ‘misleading’ regulators over Carillion

A second investigation into how the collapsed outsourcer was regulated is still underway

Evening Standard

More details on plans for old Royal Liverpool hospital site as new one set to open

Trust boss speaks about what may replace old hospital as new one prepares to welcome patients and staff

Liverpool Echo

A chartered profession sailing into unchartered waters

The sector is facing up to threats from regulation, recruitment and economic instability

Insider UK

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Sajid Javid issues update on when delayed Royal Liverpool Hospital will finally open

The Health Secretary visited the heavily delayed new hospital today and told the ECHO it is on course to open this year

Liverpool Echo

PwC whacked with £5m in fines over botched audits

PwC has been hit with fines totalling £5 million for duff audits of Galliford Try and Kier Group, the latest blow to a scandal-torn sector.

Evening Standard

UK Government confirms plans to tackle dominance of audit 'Big Four'

A new regulator is set to be introduced to avoid the sudden collapse of big companies

Insider UK

Ministers to rip up transparency rules for small firms to encourage job creation

The government has also revealed the creation of a new authority which it promised would regulate auditors more closely.

The Independent UK

EY plans to spin off audit business in shake-up for industry

Move follows series of high-profile corporate collapses including Carillion and BHS

The Guardian - UK

KPMG to be fined £14m for forging documents over Carillion audit

Regulator confirms settlement after former staff falsified material over audits of Carillion and Regenesis

The Guardian - UK

Southmead Hospital construction 'problems' among key claims in government lawsuit against Carillion auditors

The construction was controversial due to 'problems' with the building and Carillion was later sued by the NHS Trust responsible for the hospital, before the company collapsed

Bristol Post

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Evening Standard

Three new London hospitals ‘delayed in row over cash’

Whipps Cross, Sutton and Hillingdon schemes in funding battle with crisis-hit projects outside capital

Liverpool Echo

Carillion 'repeatedly tried to sue' Liverpool NHS Trust over stalled Royal hospital

Court papers reveal shocking details before main contractor on city's new hospital collapsed

Insider UK

Stonehaven rail crash 'caused by Network Rail and Carillion failures'

Errors in the construction of a drainage system meant it was unable to cope with heavy rain

The Independent UK

Botched drainage system blamed for fatal Stonehaven train crash

Investigators identify failings by Network Rail and collapsed outsourcing giant Carillion

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news in one place.

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The Guardian - UK

Wrongly built drainage system led to Stonehaven train crash, investigators find

Network Rail failed to notice that works by Carillion on Aberdeen to Glasgow line did not match the design

Liverpool Echo

KPMG facing £1.3billion lawsuit over stalled projects including Royal Liverpool Hospital

The claim will allege that KPMG failed to respond to multiple "red flags"

The Guardian - UK

KPMG being sued for £1.3bn over Carillion audit

UK official receiver brings unprecedented action as part of its duty to try to maximise returns for creditors of collapsed firm

The Independent UK

Official Receiver files legal claim against KPMG over Carillion role

The claim will allege KPMG failed to respond to multiple ‘red flags’ which should have alerted them to a clear and obvious risk of misstatement.

The Guardian - UK

Carillion tribunal: KPMG ex-partner denies forging documents

Evidence focuses on KPMG’s ‘misleading’ disclosures about audit of company that collapsed in 2018

Wales Online

The chequered past of Wales' tallest building

It may be the only skyscraper in Wales but it's certainly had its fair share of controversies over the years and they show no sign of ending in 2023

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