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Outsourcer Serco hails strong momentum after rise in new orders

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Senior accountants at KPMG forged documents in an effort to mislead regulators over botched audits at the collapsed outsourcer Carillion. The tribunal ruled on Thursday that five of the firm’s auditors - Peter Meehan, the partner responsible for auditing Carillion; senior managers Alistair Wright, Richard Kitchen and Adam Bennett; and junior auditor Pratik Paw - were all guilty of misconduct. …

KPMG has admitted for the first time that it misled regulators over the audit of collapsed outsourcer Carillion, as a tribunal heard that its accountants allegedly forged documents to dupe inspectors. He said: “It is clear to me that misconduct has occurred and that our regulator was misled.” The admission came after the Financial Reporting Council accused auditors at KPMG …

Interserve has collapsed into administration, handing its assets over to its lenders as part of a pre-pack administration process that wipes out its shareholders but saves the business and 68,000 jobs worldwide. In a brief statement the troubled outsourcer said under new ownership the firm will have "a strong balance sheet, competitive financial structure and a fundamentally solid foundation". EY …