Markets

Audits are meant to protect investors — but almost half have problems

Four in 10 audits surveyed by global regulators in a study had at least one failing. “High rates” show global auditors need to “strengthen their systems,” global audit regulators say. Audit quality has been in the spotlight after a string of high profile scandals and collapses that accountants failed to […]
Audits are meant to protect investors  —  but almost half have problems
News

Carillion: Government orders investigation into directors’ conduct

The government has fast-tracked an investigation into the directors at failed construction giant Carillion. LONDON – The government ordered a “fast-tracked” investigation into the conduct of directors at failed construction giant Carillion. The construction firm was one of the government’s biggest contractors until it collapsed into liquidation on Monday after […]
Carillion: Government orders investigation into directors’ conduct
News

‘Taxpayers can’t bail out private companies’: Government defends handling of Carillion collapse as Labour calls for ‘serious investigation’

The government’s handling of the collapse of construction firm Carillion has been criticised. Carillion has around 450 public contracts but the government wouldn’t step in to back the company’s £1.5 billion debt pile. Transport Secretary Chris Grayling handed Carillion part of a £1.4 billion HS2 contract last summer in the […]
‘Taxpayers can’t bail out private companies’: Government defends handling of Carillion collapse as Labour calls for ‘serious investigation’
News

The UK’s financial watchdog is investigating troubled construction firm Carillion

The UK’s financial regulator has begun an investigation into troubled construction firm Carillion. The Financial Conduct Authority is looking into announcements made by the firm in 2016 and 2017, over which time Carillion’s profits declined and shares plummeted. Carillion said it was cooperating fully with the investigation. LONDON – The […]
The UK’s financial watchdog is investigating troubled construction firm Carillion