Deloitte to pay $34mn over audit work on US nuclear fiasco
NegativeFinancial Markets

Deloitte has agreed to pay $34 million in a settlement related to its audit work on a US nuclear project that went awry. Former shareholders claim that the Big Four firm overlooked critical warning signs, enabling management to conceal serious problems. This case highlights the importance of accountability in auditing practices, especially in high-stakes industries like utilities, where oversight failures can lead to significant financial losses and safety concerns.
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