Wednesday, February 21, 2018

Auditors to be questioned over why they signed off Carillion´s accounts

How did KPMG sign off accounts that had £845 million written off their value four months later?” Rachel Reeves, who chairs the Business Committee, said: “Investors spotted that Carillion was heading for disaster and fled. The company had unsustainably high levels of debt, weak cash-generation and ...
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