KPMG settles £1.3bn negligence claim with Carillion liquidator

By Daniel Gayne2023-02-20T11:00:00

Official Receiver claimed firm had failed in its duties as auditor

Auditor KPMG has reached a settlement with Carillion’s liquidator which had been pursuing a £1.3bn claim on behalf of the doomed contractor’s creditors.

The Official Receiver filed an audit negligence claim roughly a year ago, claiming KPMG had failed in its duties to spot misstatement of the contractor, before it went into administration five years ago.

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

Limited access to building.co.uk
Breaking industry news as it happens
Breaking, daily and weekly e-newsletters

Get your free guest access SIGN UP TODAY

Subscribe now for unlimited access

Subscribe to Building today and you will benefit from:

Unlimited access to all stories including expert analysis and comment from industry leaders
Our league tables, cost models and economics data
Our online archive of over 10,000 articles
Building magazine digital editions
Building magazine print editions
Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community