Written question asked by Baroness Bowles of Berkhamsted (Liberal Democrat) on Tuesday, 11 March 2025, in the House of Lords. It was due for an answer on Tuesday, 25 March 2025. It was answered by Baroness Jones of Whitchurch (Labour) on Tuesday, 25 March 2025 on behalf of the Department for Business and Trade.
Accountancy
- Question
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To ask His Majesty's Government, further to the Written Answer by Baroness Jones of Whitchurch on 10 March (HL5234), whether complying with accounting standards rather than the law was invoked by KPMG when the Insolvency Service sought £1.3 billion from KPMG in connection with its audits of Carillion plc and its subsidiary companies.
- Answer
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The Official Receiver on behalf of Carillion Plc and another issued a negligence claim against KPMG, the company's auditors, in November 2021. The area of law on which the claim was based was negligence. The negligence action and compliance with accounting standards are closely connected and the defence to the action relates to both. The defence itself is held on the court file which can be inspected with the consent of the court.
Secondary information
- Type
- Written question
- Reference
- HL5644
- Session
- 2024-26
- Related items
- Subjects
- Audit Accountancy Insolvency KPMG Carillion
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2025-09-05 20:14:09 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/lords/2024-25/HL5644
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/lords/2024-25/HL5644
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/lords/2024-25/HL5644