26 February 2019 | Herpreet Kaur Grewal
The Financial Reporting Council (FRC) has extended its investigations into the preparation, approval and audit of the financial statements of Carillion plc to include certain matters relating to the financial statements for the year ended 31 December 2013.
The FRC announced on 29 January 2018 its investigation into KPMG's audit of the financial statements of Carillion for the years ended 31 December 2014, 2015 and 2016, and additional audit work carried out during 2017.
The FRC also announced on 19 March 2018 an investigation into the conduct of Richard Adam and Zafar Khan, former group finance directors of Carillion plc and members of the ICAEW, in relation to the preparation and approval of the financial statements of Carillion for the years ended 31 December 2014, 2015 and 2016, and the six months ended 30 June 2017, and the preparation and reporting of other financial information during the period 2014-2017.
Updates on the progress with the FRC investigations were announced on 16 May 2018 and 22 January this year.