Taking Stock 

Insolvencies herald the bears

Mark Robinson

Insolvencies herald the bears

The recent collapse of Carillion has led to a parliamentary inquiry on public sector outsourcing, while the ‘Big Four’ accountancy firms have been hauled over the coals for their temerity in charging a public company for the provision of professional advisory services. Doubtless lead auditor KPMG will be asked about its interpretation of what constitutes a “going concern”, but surely there has been a broad-based failure in risk management. Anyway, whatever the outcome of the various post-mortems, the demise of the former FTSE 250 constituent forms part of a wider narrative.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now