PwC latest Big Four firm questioned over Carillion conflict of interest

0559 jr carillion van card wide

EY’s simultaneous involvement with government and collapsed contractor was queried last month

PwC is the latest Big Four firm to be questioned by MPs over its involvement with both Carillion and government.

Following the release of the National Audit Office’s report on government’s handling of Carillion’s collapse, the MPs running the inquiry into the firm’s failure have written to both PwC, who are acting as special managers to the liquidation, and David Chapman, the Official Receiver, hoping to clarify any double dealing.

The NAO’s report revealed government appointed PwC on 17 September last year to advise on contingency planning and dealing with the consequences of Carillion’s potential insolvency at a final cost of £600,000. Four months later, and 11 days before it collapsed, Carillion also engaged PwC to carry out operational contingency planning for the firm’s failure.

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

Gated access promo

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