A must read: Carillion, £5bn UK public company that failed, is pummeled in an official report

Drama!

I have never seen such language from officials as was used to describe the situation at Carillion.

This corporate failure may lead to a revolutionary change in the external auditing profession in the UK, if not elsewhere. In addition, I would be surprised if the role of the external audit firms in providing internal audit services is not reviewed.

Here is some…