A worker guides down a sign showing the name of liquidated British construction and outsourcing group carillion after it was taken down off a construction crane on a building site in the City of London on January 23, 2017. / AFP / Daniel SORABJI
LONDON, Britain's Financial Reporting Council (FRC) watchdog said on Monday it had opened an investigation into KPMG's audit of the now-collapsed Carillion , covering the years 2014 to 2017.
Britain's Business department had already asked the FRC to examine the preparation of Carillion's accounts past and present, as well as the company's auditors.
On Monday the watchdog said it would look at issues such as how the auditors recognised revenue on significant contracts and accounted for pensions.
