Q&A Group 7

Carillion was established when?

• 1999

• 1996

• 1997

• 1998

Who were the key executives and leaders at Carillion before the collapse?

• Richard Howson, Andrew Davies, Philip Green, Zafar Khan

• Frank Field, Keith Cochrane, Philip Green, Andrew Davies

• Richard Howson, Keith Cochrane, Philip Green, Zafar Khan

• Andrew Davies, Keith Cochrane, Zafar Khan, Richard Howson

Which of the Big Four accounting firms served as Carillion’s auditor?

• KPMG

• Deloitte

• EY

• PwC

How long had KPMG been Carillion’s auditor before the collapse?

• Less than 10 years

• Over 15 years

• 15 years

• Between 10-15 years

What was the primary reason for the collapse of Carillion in 2018?

• Excessive competition in the construction industry

• Massive debt and mismanagement

• Overreliance on international markets

• Government interference in business operations

What industry did Carillion primarily operate in?

• Technology

• Healthcare

• Construction and outsourcing

• Retail

What role did the UK government play in response to Carillion’s collapse?

• Provided a substantial bailout

• Took over Carillion’s operations

• Introduced regulatory changes and provided funding for essential services

• Offered no assistance

How did Carillion’s employees and subcontractors fare after the collapse?

• Retained their jobs and received full compensation

• Faced job losses and financial difficulties due to unpaid bills

• Experienced no significant impact

• Received government assistance

What was the impact of Carillion’s collapse on the auditing profession, particularly KPMG?

• Improved public perception of auditors

• No impact on auditing firms

• Enhanced confidence in auditors

• Raised questions about the effectiveness of auditing

What was the impact of Carillion’s collapse on its shareholders?

• Shareholders received significant dividends

• Shareholders experienced no financial impact

• Shareholders lost their investments

• Shareholders received government compensation