Carillion

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The Insolvency Service (IS) has ceased its pursuit of five former Carillion non-executive directors dropping the case last week just hours before a High Court test case was set to begin.

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Richard Howson, the former chief executive officer of Carillion Plc until 2017, has been disqualified from acting as a director for eight years. An Insolvency Service spokesperson said: "The Insolvency Service, acting on behalf of the Secretary of State for Business and Trade, has accepted a disqual

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The former finance director of construction outsourcing firm Carillion, Zafar Khan, has been disqualified from acting as a company director for the next 11 years due to his role in misrepresenting the firm's financial health and sanctioning unwarranted dividends. The ban was confirmed by the Insolve

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KPMG UK and the liquidators of Carillion have reached a settlement agreement, putting an end to the £1.3 billion legal claim against the professional services giant.

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KPMG has been fined £20 million by the Financial Reporting Council (FRC) for its audits of Carillion and Regenersis. The £20m fine, which is the largest the big four firm has received in the UK, is part of sanctions for misconduct of audits carried out by KPMG for Carrilion and Regenersi

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The Institute of Chartered Accountants in England and Wales (ICAEW) is set to receive the entire £14.4 million fine imposed on KPMG last week for its role in the Carillion scandal. Last week, Scottish Financial News reported that KPMG was set to be fined after a Financial Reporting Council (FR

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The liquidators of Carillion have launched a potential £250 million legal claim against KPMG - the former auditor of the collapsed contractor. The Official Receiver, the government agency in charge of liquidating Carillion, submitted a High Court legal claim against the firm on Friday. Full de

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The accountancy failures surrounding the collapse of Carillion are costing other firms with government contracts millions of pounds in annual audit fees.

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