Carillion auditor faces formal complaint from regulator

The Financial Reporting Council’s (FRC) executive counsel has delivered a disciplinary Formal Complaint, under the Accountancy Scheme, against KPMG, a former KPMG partner and certain current and former KPMG employees relating to the audits of Carillion.

Published 1 September 2021

Report highlights critical role of Information Management in UK’s economic recovery

Every £1 invested in information management (IM) could potentially secure up to £6 of labour time savings while boosting government efforts to reach net zero carbon emissions by 2050, according to a new report.

Published 17 June 2021

Litigation Capital Management backs £250m claim against KPMG over Carillion

Litigation Capital Management (LCM) has agreed to back a £250 million negligence claim against KPMG for its audits of Carillion.

Published 20 May 2021

KPMG: Scottish economic recovery could regain lost ground within two years

Scotland’s economy could completely regain lost ground within the next two years and outpace the UK-wide average, according to the latest economic forecasting from KPMG.

Published 29 March 2021

Apparent breaches found in Carillion audit investigation

The Financial Reporting Council (FRC) has indicated that rule breaches have been discovered in its investigation into KPMG’s audits of collapsed contractor Carillion.

Published 22 September 2020

Rising audit fees hit contractors

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

Published 3 September 2020

Aberdeen's TECA sees £75m wiped off its value

Around £75 million has been wiped off the value of The Events Complex Aberdeen (TECA), by KPMG's audit of Aberdeen City Council's books.

Published 9 July 2020

Central Building Contractors collapses with loss of 148 jobs

Family-run Central Building Contractors (Glasgow) Limited has been placed into administration following years of “challenging trading conditions in the construction sector”.

Published 30 April 2020

KPMG makes Scottish infrastructure appointment

KPMG has bolstered its infrastructure, government and healthcare management consulting team in Scotland with the appointment of David Grimson as director.

Published 30 April 2020

KPMG forecasts 8.1% hit to Scotland’s economy in 2020

KPMG is forecasting negative GVA (Gross Value Added) in Scotland of at least 8.1% in 2020, as the full economic cost of COVID-19 becomes increasingly clear.

Published 23 April 2020

Whyte Crane Hire falls into administration

Scottish mobile crane hire company Whyte Crane Hire has gone into administration with all 11 employees losing their jobs.

Published 19 February 2020

Carillion audit investigation extended due to ‘exceptional’ scale and complexity

The Financial Reporting Council (FRC) has revealed it will need at least another six months to investigate KPMG’s auditing of collapsed construction and services firm Carillion due to the scale and complexity of the case.

Published 13 January 2020

McGill administration process extended to 2021 as asset recovery continues

The administration process for McGill & Co has been extended until January 2021 as administrators said the “level and timing” of distributions to unsecured creditors in the former Dundee building services firm remains unclear.

Published 23 September 2019

Tender error to blame as Edinburgh Sick Kids hospital forced into another delay

The ventilation issues which delayed the opening of the £150 million Sick Children’s Hospital in Edinburgh stemmed from a tender error back in 2012, the Scottish Government said yesterday as it announced the facility won’t be operational for at least another year.

Published 12 September 2019

City Gate Construction buys Dimension Shopfitting out of administration

Construction and interior fit-out specialist Dimension Shopfitting has become part of the City Gate Construction group after it was placed into administration yesterday.

Published 19 July 2019