KPMG settles £1.3bn lawsuit from Carillion creditors over alleged negligence

3 comments
  1. Just to make sure everyone is aware, shortly before it’s collapse, Carillion’s directors give themselves record multimillion pound bonuses.

    Many went on to have high-level directorships in other similar companies in the same industry within months of its collapse.

    If this happened in a third-world country, we would be castigating them for corruption and calling for sanctions.

  2. Currently an auditor.

    Profession’s a fucking joke at the minute. We’ll see KPMG or EY etc was the prior year auditor for the next one, the Partners think that’s wonderful as it should be good or at least the client knows what to expect, but everyone on the shop floor knows it’ll be a fucking trainwreck.

    They’re using inexperienced staff who have no fucking clue and it shows – we’re understaffed and far from perfect but we at least *try*. I’ve seen them miss that (effectively) a charity didn’t own £30m of property they thought they did. All it takes is to check land registry. Was a £3 document. They never did.

    (And it’s not just KPMG, all 4 of the B4 have given us some fucking shockers.)

  3. Had two graduate job offers in 2014, one from a Carillon subsidiary, the other from a company still in business. Got the Carillon one first, glad I edited it out and took the second offer.

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