16-05-2018, 08:35
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#50
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The Invisible Woman
Cable Forum Team
Join Date: Jun 2003
Location: between Portsmouth and Southampton.
Age: 71
Services: VM XL TV,50 MB VM BB,VM landline, Tivo
Posts: 40,161
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Re: Carillion Crisis
http://www.bbc.co.uk/news/business-44129678
Not just the Carillion bosses.
Quote:
The two select committees also attacked the big four accounting firms for approving Carillion's accounts despite its spiralling debts.
They said Ernst & Young was paid £10.8m for "six months of failed turnaround advice", while Deloitte received £10m to be Carillion's internal auditor, but was either "unable or unwilling" to identify failings in financial controls, or "too readily ignored them"
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Quote:
They also said KPMG had failed to question Carillion's financial judgements, while PwC was "continuing to gain" as its official receiver "without adequate scrutiny".
Ms Reeves said the competition authorities should consider breaking up the big four accountancy firms "to help increase competition and deal with conflicts of interest".
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Hell is empty and all the devils are here. Shakespeare..
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