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In proceedings arising from the insolvency of the former entertainment company Livent, in April 2014 its special receiver obtained judgment against Deloitte for $84,750,000 in the Ontario Superior Court of Justice, in relation to Deloitte's failure to exercise its duty of care with respect to the audit of Livent's financial statements during ...
In September 2020, Deloitte was fined £15 million (US$19.4 million) by the FRC for failing to apply sufficient professional skepticism in its audits of Autonomy's 2009 to 2011 financial statements prior to Autonomy's acquisition by Hewlett-Packard.
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Switzerland has a large economy and highly skilled labor force. Fifteen Swiss companies are included on Fortune's "Global 500" list (in 2011). As of 2018 the largest non-financial companies in terms of annual revenue were Glencore, Vitol and Trafigura, with Nestlé as the largest employer.
Paid internships are common in professional fields including medicine, architecture, science, engineering, law, business (especially accounting and finance), technology, and advertising. [ citation needed ] Work experience internships usually occur during the second or third year of schooling.
In 2010, the merger with the consulting division of the British consulting firm Deloitte was announced. [52] In the end, the plan failed due to the resistance of Roland Berger's Partners. [53] After the merger with Deloitte was canceled, Roland Berger carried out a capital increase to increase the financial scope of the consultancy. [54]
From 2008 to 2017 there was a reduction in the number of foreign banks in Switzerland [3]
[1] [2] Switzerland ranks at or near the top globally in several metrics of national performance, including government transparency, civil liberties, quality of life, economic competitiveness, and human development. Switzerland's most important economic sector is manufacturing.