KPMG audits of Carillion probed

The UK’s Financial Reporting Council has opened an investigation into KPMG’s auditing of the now-collapsed Carillion covering the years 2014 to 2017, the watchdog has said.

The UK’s Financial Reporting Council has opened an investigation into KPMG’s auditing of the now-collapsed Carillion covering the years 2014 to 2017, the watchdog has said.

Construction and outsourcing firm Carillion collapsed this month after banks pulled the plug, raising concerns about hospitals, road and other infrastructure projects in the UK and school projects in Ireland, as well as the fate of hundreds of suppliers.