Smith & Nephew Plc, Europe’s biggest maker of artificial hips and knees, has agreed to pay $22.2 million (€16.9m) to settle allegations by the US Justice Department and Securities and Exchange Commission that it engaged in a scheme to pay bribes in Greece.

THE Institute of Certified Accountants (CPA) has announced the appointment of Michael O’Regan FCPA, as its new vice president for the period 2007-09.