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Stonehaven rail crash: Accident shames Network Rail, says Anas Sarwar

The report into the Stonehaven rail crash should “shame” Network Rail and raises questions for Abellio and the Scottish Government, Scottish Labour leader Anas Sarwar has said. Raising the issue at First Minister’s Questions on Thursday, he asked ...

10 Mar 2022 at 14:55

Stonehaven rail crash: Tragedy was caused by Network Rail and Carillion failures

Failings by Network Rail and collapsed outsourcing giant Carillion caused the Stonehaven rail crash, an investigation has found. Errors in the construction of a drainage system by the construction firm meant it was unable to cope with heavy rain ...

10 Mar 2022 at 01:25

City

Ministers to rip up transparency rules for small firms to encourage job creation

The Government has launched a review which could lead to it ripping up transparency rules on what information some of the UK’s small companies must publish. Ministers have also revealed the creation of a new authority which it promised would ...

31 May 2022 at 01:01

City

Audit watchdog ‘in poor state’, says candidate for chair

The Government’s candidate to lead the Financial Reporting Council (FRC) has said that the situation at the top of the regulator is in “a pretty poor state”. Businessman Sir Jan du Plessis said that he would address the governance of the ...

25 Jan 2022 at 13:55

Official Receiver files legal claim against KPMG over Carillion role

KPMG is facing a lawsuit worth up to £1.3 billion after being accused of failing in its duties over its role as auditor to Carillion, the collapsed construction and outsourcing group. In legal action by the Official Receiver, acting as ...

03 Feb 2022 at 17:55

FRC waters down governance overhaul as King’s Speech omits audit reforms

Britain’s auditing watchdog has revealed over half of its proposed changes to corporate governance rules are being ditched, as it described the move to omit legislation from the King’s Speech to create a more powerful accounting ...

07 Nov 2023 at 15:41

City

KPMG boss says he ‘cannot defend’ Carillion audits after record £21m fine

The UK boss of KPMG has said that the firm’s work with collapsed outsourcer Carillion was “very bad” as the audit giant was handed a record £21 million fine by its watchdog. Jon Holt said that the Financial Reporting Council’s ...

12 Oct 2023 at 09:01

City

KPMG fined for misleading regulator about Carillion audit

Auditing giant KPMG will pay £18.35 million over the potentially conniving behaviour of some of its former staff when they reported to regulators on their audit of collapsed outsourcing firm Carillion. The Financial Reporting ...

25 Jul 2022 at 09:09

Long-awaited audit reforms in King’s Speech to help avoid big company failures

The new Labour Government will press ahead with reforms of company audits and corporate governance with plans for a more powerful watchdog under long-awaited legislation unveiled in the King’s Speech. The draft Audit Reform ...

18 Jul 2024 at 09:42

Fatal accident inquiry into Stonehaven derailment could start in January

An inquiry into a train derailment which claimed three lives could begin in January, a hearing has been told. The fatal accident inquiry into the derailment at Carmont near Stonehaven, Aberdeenshire, in August 2020 is now ...

28 Aug 2025 at 12:12

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