Slaughters warned Carillion board about accounting disclosures last May, leaked minutes reveal

Magic circle firm advised that decision not to disclose accounting issues could attract 'very close scrutiny'

Slaughter and May warned Carillion’s directors about the implications of failing to disclose accounting issues as far back as last May, newly released board minutes have revealed.

In a meeting which took place on 9 May 2017, Slaughters corporate finance partner William Underhill – a longstanding adviser to Carillion – told the company’s board that a decision not to disclose negative accruals across projects including the construction of Royal Liverpool Hospital and the redevelopment of Battersea Power Station would come under “very close scrutiny”.

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