Britain Launches Pro-Innovation AI Sandbox Strategy to Boost Economic Growth
New Regulatory Framework Aims to Position UK as Global AI Leader The UK government has unveiled a groundbreaking approach to…
Category: Regulation
Deloitte Reaches $34 Million Settlement Over Nuclear Project Audit Controversy
Deloitte has reportedly agreed to pay $34 million to resolve claims related to its audit work for a failed nuclear power project in South Carolina. The settlement comes after years of litigation alleging the auditing firm missed warning signs about the troubled construction project.
Major Settlement Reached in Nuclear Project Audit Case
Accounting giant Deloitte has reportedly agreed to pay $34 million to investors who claimed the firm’s audit work failed to identify problems with one of the country’s largest nuclear power projects before its collapse, according to documents filed in South Carolina federal court.