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Months later Pw C began advising pension fund trustees in dispute with the struggling company about how much it should pay into its retirement scheme.

The company's global revenues were .7 billion in FY 2017, of which billion was generated by its Assurance practice, .46 billion by its Tax practice and .25 billion by its Advisory practice.“I will take an interest in whether further reforms are needed, including the suggestion you made [about a break-up].” MPs said the four firms collected more than £70m between them from Carillion in the decade running up to the company’s collapse.EY was paid £2.5m for its services just days before Carillion entered liquidation, while thousands of smaller contractors were left out of pocket.Ms Thomas said her firm was subject to the accountancy industry’s ethical code and implemented a “rigorous client acceptance procedure” when new work was taken on.Ms Allen asked how Pw C counteracted the incentive to use confidential client data to its advantage when pitching for additional work with companies or their pension fund trustees.

Steinhoff has indicated that the 2015, 20 financial statements will have to be restated.