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PwC is the latest Big Four firm to be questioned by MPs over its involvement with both Carillion and the government in the run-up to the contractor鈥檚 collapse and its aftermath.

Following the release of the National Audit Office鈥檚 report on government鈥檚 handling of Carillion鈥檚 collapse MPs running the inquiry into the firm鈥檚 failure have written to both PwC, who are acting as special managers to the liquidation, and David Chapman, the Official Receiver, seeking to clarify any double dealing.

The NAO鈥檚 report revealed government appointed PwC on 17 September last year to advise on contingency planning and dealing with the consequences of Carillion鈥檚 potential insolvency at a final cost of 拢600,000. Four months later, and 11 days before it collapsed, Carillion also engaged PwC to carry out operational contingency planning for the firm鈥檚 failure.

The NAO鈥檚 investigation said the Cabinet Office then employed PwC to help carry out an options analysis at the beginning of January to decide whether to support Carillion.

Co-chairs of the inquiry Frank Field have sent letters hoping to get further details about both PwC鈥檚 involvement and costs associated with the liquidation.

Field, who chairs the work and pensions committee, said: 鈥淎s Special Managers, with a contract to print money awarded without any competition, PwC will draw 拢50m for six months鈥� work. More money for PwC is less money for sub-contractors and the Pension Protection Fund.

鈥淲e have further questions about those payments and how PwC鈥檚 conflicts of interest arising from their long history of work on Carillion are being managed. We have written to PwC and the Official Receiver requesting further information.鈥�

He said he was particularly concerned that PwC鈥檚 conflicts could jeopardise action against individual directors.

Meanwhile, Reeves described the Carillion saga as 鈥渢he gift that kept on giving 鈥� for the Big Four鈥�.

She said: 鈥淭he dice are loaded in the Big Four鈥檚 favour. They make a killing in fees advising struggling companies how to turn them round and then they pocket millions tidying up when that advice fails.

鈥淥n Carillion, taxpayers are left to foot the multimillion pound bill for corporate failure. PwC, who profited from Carillion as it inched towards collapse, are expected to wring at least another 拢50m from its ruins as the government appointed Special Managers to the insolvency, while thousands of smaller creditors will get nothing at all.鈥�