The Work and Pensions and Business, Energy and Industrial Strategy Committees write to the "Big 4" financial services firms KPMG, EY, PWC and Deloitte, asking for detailed accounts of any and all services the firms have offered Carillion, its subsidiaries and its pension scheme, over the last ten years, and what fees they were paid.
- Letter from the Chairs to KPMG Chairman relating to Carillion services, 25 January 2018 ( PDF 76 KB)
- Letter to Steve Varley, Chairman and UK&I Managing Partner, EY, 25 January 2018 ( PDF 59 KB)
- Letter to Nick Owen, Chairman, Deloitte UK & Switzerland, 25 January 2018 ( PDF 59 KB)
- Letter to Kevin Ellis, Chairman and Senior Partner, PwC LLP, 25 January 2018 ( PDF 59 KB)
- Carillion joint inquiry
- Work and Pensions Committee
- Business, Energy and Industrial Strategy Committee
Detailed accounts of services offered to Carillion
There have been conflicting reports as to the extent of the involvement of the four firms' provision of professional services to Carillion, over various issues and transactions, and the Committees want to establish a clear timetable setting out who was involved, in what, when.
It is known that KPMG have audited Carillion's accounts every year since the company's inception in 1999, receiving £29.4 million in fees in the process. The latest set of audited financial accounts were signed off by KPMG with an unmodified opinion in March 2017, only for the company to go bust 9 months later. In light of this "dramatic turn of events", the Committees have a series of additional specific questions to KPMG.
The four firms are expected to provide a full reply by Friday 2 February.