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Investigations into the auditors of Greensill Capital and Wyelands Bank have been launched, the UK’s accountancy regulator announced on Monday. The Financial Reporting Council (FRC) said its Enforcement Division had started an investigation into accounting firm Saffery Champness in relation to its audit of the financial statements of Greensill Capital (UK) Limited for the year ending…
Food shortages are being reported across the nation. With rising costs and backed-up production, farmers are struggling to meet consumer needs. In the state of Missouri alone, beef production is up nineteen percent from last year, poultry is up two percent from last year, and egg production alone is up three percent. Despite this, small…
Always known as the market of innovation, E&S insurers are leveraging flexibility and creativity to help customers solve problems. The excess and surplus market continues to enjoy steady growth while conditions in the standard market remain challenging for insureds. With standard lines carriers raising rates, tightening terms and conditions and pulling back capacity, risk managers…
The Federal Aviation Administration (FAA) has told Boeing Co that its planned 777X is not yet ready for a significant certification step and warned it “realistically” will not certify the airplane until mid- to late 2023. The FAA in a May 13 letter to Boeing seen by Reuters cited a number of issues in rejecting…
How often does performance improve under a performance improvement plan (PIP)? Not often enough, writes columnist Jathan Janove. Here are tips to make the process more positive and results-oriented. Originally found on SHRM Read More
[This article is the first in a three-part series. Part two will focus on inflation and health care. Part three will discuss inflation and retirement savings.] Rising inflation, if it’s sustained, would alter employers’ anticipated benefits and compensation costs in upcoming years. Increased federal unemployment payments through September have reduced the labor supply and helped…
Organizational charting is essential to ensuring companies have the right number of people with the right skills in the right roles. Creating such charts has grown more challenging as leaders need to account for a growing number of contingent workers as well as new hybrid work structures. Originally found on SHRM Read More
NEW YORK—Johnson & Johnson has agreed to pay $230 million to New York state to settle claims that the pharmaceutical giant helped fuel the opioid crisis, Attorney General Letitia James said on Saturday. The drugmaker also agreed to permanently end the manufacturing and distribution of opioids across New York and the rest of the nation,…
BEIJING—Chinese regulators said on Saturday Tesla Inc would recall nearly 300,000 China-made and imported Model 3 and Model Y cars for an online software update related to assisted driving, with owners not required to return their vehicles. The State Administration for Market Regulation said on its website that the move is linked to an assisted…
