Carillion bosses drove construction firm off a cliff, say MPs – BBC News

The UK firm Carillon has collapsed, declaring bankruptcy as its share price is just above zero. The “integrated support services business” held about 450 governmental contracts, from school meals to maintenance, construction, and traffic control. Last year, it issued three profit warnings in five months and wrote off more than £1 billion. In a damning…

Corporate Directors Wary of SEC Audit Proposals | Accounting Today News

It would be nice, in stories like this, to see what a survey of investors have to say as their responses might differ. An overwhelming majority of corporate board directors oppose the Securities and Exchange Commission’s proposal to require mandatory disclosure of communications between audit committees and auditors, according to a new survey. The survey,…