City watchdog widens Carillion probe

By Jordan Marshall2019-01-25T06:00:00

Financial Reporting Council looking at whether performance of key contracts was reflected in financial results

The financial performance of Carillion’s major contracts is being probed as part of a City watchdog investigation into the collapsed contractor.

Last January, the Financial Reporting Council (FRC) announced it was investigating KPMG’s audits of Carillion between 2014 and 2017, while it confirmed it was looking into the conduct of two former finance directors, Richard Adam (pictured) and Zafar Khan, in March 2018.

But the FRC has now confirmed it is looking into the performance of the failed firm’s major construction and services contracts.

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