Carillion | Engineering News-Record

Companies

Auditing Giant KPMG Fined $18M Linked to Carillion Bankruptcy

Peter Reina

Debra K. Rubin

May 17, 2022

No Comments

UK levies penalty for firm's misleading regulators into the quality of its financial audit of British contractor before its unexpected collapse under huge debt in 2018.

Project Finance

On Heels of Carillion Collapse, UK Abandons Private Finance Initiative System

Peter Reina

October 31, 2018

No Comments

The government now plans to use different mechanisms to attract an estimated $380 billion of private investment into its long-term infrastructure pipeline.

Carillion Fallout Affects Major Hospital Project in Liverpool

Peter Reina

October 3, 2018

No Comments

Managers of a 90%-complete, 646-bed hospital in Liverpool will take charge of the project after unravelling a public-private partnership with the contractor Carillion Plc, which collapsed ignominiously in January.

New Parliament Report Slams Collapsed Carillion Bosses, Auditors and Regulators

Scott Van Voorhis

May 23, 2018

No Comments

Analysis details corporate "greed and hubris," with calls to break up big accounting firms KPMG, Deloitte and Ernst & Young.

After 'Near Death Experience,' Balfour Beatty UK Rebounds Well

Peter Reina

March 22, 2018

No Comments

Four years after serial profit warnings, the contractor reports doubled earnings and a $16B backlog.

Construction Surety

Ten Minutes With Marsh's David Hewett

Marsh's chief of U.S. surety talks about the economy, defaults and accounting changes

March 2, 2018

No Comments

A question-and-answer session with the big broker's chief of U.S. surety.

Risk Management

When Carillion's Leaders Missed The Biggest Risk Of All

Members of Parliament aim criticism at directors as well as executives

Richard Korman

Peter Reina

February 28, 2018

One Comment

The investigation of the collapse of Carillion plc has in a few weeks produced hundreds of pages of testimony and documents and withering verbal criticism by members of Parliament (MPs) directed at the company’s executives, accountants and pension regulators.