Almost 1,000 workers remained trapped underground at a South African gold mine after a power failure. Sibanye Gold Ltd. is using a generator to get the workers out of the mine, but “having some problems,” according to spokesman James Wellsted. Rescue workers have freed 336 employees from two
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CFOs and their teams can and should partner with CEOs when it comes to developing, and more importantly, executing strategy. Read more. AI and Social Impact. The business promise and practical implications of AI are huge – but how do you manage when it goes rogue? Read more. Bloomberg Live
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The long goodbye for Boeing Co.'s iconic 747 jetliner is turning out to be a little premature. The planemaker won a $5.65 billion lifeline for the endangered jumbo as United Parcel Service Inc. exercised options for 14 more of the freighters. The deal came weeks after Delta Air Lines Inc. parked the last of
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In 2002, after accounting scandals erupted at corporations such as Enron and WorldCom, Congress cracked down on audit firms. One problem it wanted to address was the notion that auditors, who are hired by companies to check their financial statements, had become too cozy with their clients.
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On-site auditing has been the customary default since the dawn of accounting. It's worked reasonably well, though time and cost considerations – both from the company and firm's vantages – typically took secondary focus to successful audit completion, and healthy relationships maintained. It's now
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