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Britain's FRC investigates Carillion's contract accounting, pensions

Reuters - UK Focus

May 16 (Reuters) - Britain's Financial Reporting Council (FRC) said on Wednesday it was investigating bankrupt construction firm Carillion (Frankfurt: 924047 - news) '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)