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Deloitte fined 14 million pounds over MG Rover advice

LONDON (Reuters) - Accountancy firm Deloitte has been fined a record 14 million pounds ($22 million) for failing to manage conflicts of interest in its advice to collapsed British carmaker MG Rover Group. The Financial Reporting Council, which brought the case against Deloitte, said an independent tribunal has also backed the watchdog's call for a severe reprimand of the company. In July the tribunal found that all 13 allegations the FRC had brought against Deloitte were proven. <IB:nL6N0FZ2NX>

Too many firms not investing enough in themselves and unaware of it:report

TORONTO - A new study on Canadian productivity says that one in three Canadian firms are falling behind their competitors because they mistakenly believe they are making competitive levels of investment. The latest in a series of reports on productivity by Deloitte, released Thursday, found the attitudes and behaviours in Canadian firms about their investments are a major cause for the persistent and growing productivity gap between Canada and other countries.
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