May 16, 2018 / 6:32 AM / 7 months ago

FRC investigates Carillion's contract accounting, pensions

FILE PHOTO: A worker operates a crane on Carillion's Midland Metropolitan Hospital construction site in Smethwick, Britain January 29, 2018. REUTERS/Darren Staples/File Photo

(Reuters) - Britain’s Financial Reporting Council (FRC) said on Wednesday it was investigating bankrupt construction firm Carillion’s contract accounting, reverse factoring, pensions, goodwill and going concern as part of its probe.

The FRC in January opened an investigation into KPMG’s auditing of the now-collapsed Carillion covering the years 2014 to 2017 and in March commenced a probe into the conduct of two former finance directors of the company.

Reporting by Arathy S Nair in Bengaluru, editing by Louise Heavens

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