Going Concern

SEPTEMBER 15, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Happy National Leave Your Accountant the F**k Alone Day , everyone! The Public Company Accounting Oversight Board (PCAOB) will hold an open meeting on Tuesday, September 19, 2023, at 10:00 a.m.

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Going Concern

MARCH 3, 2023

Announced to coincide with Deloitte’s presence at Mobile World Congress 2023, this new community leverages Epic Games’ Unreal Engine to enhance the ways in which fans and audiences can build connections and engage with the content they love. Securities and Exchange Commission (SEC) flagged technical accounting matters.

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CPA Practice

SEPTEMBER 6, 2023

From the advent of first-to-market generative AI systems like ChatGPT, to highly specialized, accounting-focused systems, proponents of AI are fervent in their belief that the technologies will dramatically improve client services, firm management, small business accounting and many other areas of operations.

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Going Concern

JUNE 30, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. The Market Accounting firms question the partnership model [ Financial Times ] Several US accounting firms have taken investments from private equity groups to pay for acquisitions.

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CPA Practice

APRIL 27, 2023

Professionals on the Move is a roundup of recent hiring and promotion announcements from around the accounting profession. FASB Names Three New Members to Its Investor Advisory Committee The Financial Accounting Standards Board (FASB) recently announced the appointment of three new members to its Investor Advisory Committee (IAC).

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PYMNTS

DECEMBER 31, 2020

A survey from September 2020 found that 54 percent of Americans desired a contactless way to open new financial accounts or access existing ones, and new ATMs are being developed to meet these demands,” per the Tracker. That’s happening as ATMs become ITMs to take on their renewed role in branch banking. “A

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PYMNTS

OCTOBER 19, 2018

In the webinar, entitled “ 5 Ways Fraudsters Fake IDs — And How Your Face Can Stop Them ,” Trilli not only offered an up-to-date primer on the latest criminal techniques to steal online data and identities, but gave practical and hopeful advice on how to prevent much of that fraud, even as the people behind it keep raising their game.

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PYMNTS

OCTOBER 21, 2020

Securing P2P apps as well as other financial accounts will require banks to upgrade their security protocols and customers to take their security more seriously,” per the Playbook. Since there’s no putting the P2P genie back in the bottle, it’s up to financial institutions (FIs) to protect legitimate account holders.

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PYMNTS

APRIL 25, 2019

The idea is either to siphon funds from the accounts of the deceased, or to build new IDs around their personal details in order to build credit and make a bigger haul down the road. Flagging Accounts. Not only that, but follow-up is required — checks to ensure that “no bad activity” has taken place with those accounts, he said.

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PYMNTS

JULY 12, 2018

The Washington Post , citing a review of Kavanaugh’s financial disclosures, reported that at some points during the past decade the debts may have exceeded the amount of cash and investments he had in his financial accounts. Shah said he has a retirement account with close to $500,000 that also wasn’t required to be disclosed.

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PYMNTS

SEPTEMBER 15, 2020

He said research has shown that as of June, 17 percent of senior citizens were logging into their financial accounts via smartphones at least once a week. But Ondot Systems Vice President of Customer Success Balu Kikkeri told PYMNTS that evidence of that great digital shift is now visible not only anecdotally, but in the data as well.

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PYMNTS

NOVEMBER 11, 2019

Payments is a different game than theoretical physics, but the industry has its own push for unification — in this case, a single card that serves as a one-stop shop for transactions or financial services. A real super app would include other activities such as ride-hailing and financial account checkups, she noted.

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xendoo

JULY 14, 2021

Invoice factoring: The business owner sells their accounts receivables (due invoices) to a factoring company at a discount with fees added on top. Financial accounts, i.e., Income Statements, Profit and Loss statements. Financial projections. The factoring company then releases the funds to them. Company bank statements.

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PYMNTS

JUNE 4, 2019

The rise of the digital economy has resulted in growing concerns about identification, not the least of which is making sure that people who try to open financial accounts, or complete a variety of online or mobile transactions, are who they say they are. Evolving ID. The boring, mundane phone number can do the trick.

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PYMNTS

AUGUST 16, 2019

Here’s some bad but potentially motivating news about banks: So far, they are missing out on an emerging opportunity to get into the “super app” game, which is shaping up to be one of the biggest focuses of payments and retail innovation in the 2020s. Most of her conversation with Webster centered around the super app opportunity for banks.

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PYMNTS

AUGUST 12, 2016

Another company, Conservis , rolled out its own financial accounting and automation services targeting the farming and agriculture industry. Analysts have also pointed to mobile payments technology as a game-changer in agriculture, especially in rural and developing areas.

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PYMNTS

JUNE 27, 2019

The state of the industry today, Clark told Webster, is that only about 21 percent of CUs believe they are their members’ primary financial accounts, serving as their general go-to for all financial services. Credit unions are very engaged in a variety of areas: auto lending, home lending, checking accounts.

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inDinero Tax Tips

APRIL 11, 2023

Whether a business has decided to Delaware incorporate, or they’re doing business for events like the SD State vs Delaware game, the state remains very business-friendly. You don’t need a bank account in Delaware or Nevada to incorporate in those states. are pleased to find the state’s favorable corporate income tax rules.

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Anders CPA

DECEMBER 11, 2023

In this podcast episode from the Summit Virtual CFO by Anders Modern CPA Success Show , Tom Wadelton is joined by colleagues, Christy Buchanan and Guillermo Rodriguez , as they discuss the cannabis industry as a niche for accounting firms. Join us as we change the way people think about accounting. Tom (00:00:22) – Hey, Christy.

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