PYMNTS

JUNE 4, 2020

The International Accounting Standards Board introduced a significant overhaul to lease accounting standards , and while the changes went into effect at the start of 2019, corporates continue to face challenges to adhere to the standards and remain compliant. In the U.S.,

Real Estate 52

Real Estate Account accountant accounted 52

PYMNTS

JUNE 29, 2020

In today’s top news, Germany’s deputy finance minister wants to restructure accounting firm regulations, and consumers are turning away from travel rewards cards. Wirecard Forces ‘Radical’ Reboot Of German Accounting Regs. Plus, the Federal Deposit Insurance Corp. FDIC) is looking to modernize bank reporting.

Account 56

Account accountant accounted accounting and finance 56

PYMNTS

DECEMBER 7, 2018

Separate reports on Thursday in AccountingToday said the nation’s top auditors, including KPMG and PwC, have been urged to improve their corporate accounting processes, with the U.K.’s

Account 43

Account accountant accounted auditor 43

PYMNTS

DECEMBER 27, 2019

’s so-called Big Four accounting giants — PwC, Deloitte, KPMG and EY — have reportedly set aside more than $212 million in preparation for potential fines ahead as auditing scrutiny grows. government issued a combined $56.29 Reports in the Financial Times said the U.K. In the year to April 2019, the U.K. Insolvency Service.

auditor 52

auditor Account accountant accounted 52

PYMNTS

MAY 21, 2018

have been chosen to lead the inquiry into the nation’s accounting watchdog and assess whether the body is effective at identifying and preventing accounting issues. Reports said no current executives from the so-called Big Four accountancy firms — PwC , Deloitte , EY and KPMG — are in the group.

Account 40

Account accountant accounted audit 40

PYMNTS

JUNE 26, 2020

This challenge exists for professionals across the back office, but in business accounting, the lack of data integration and accuracy mean finance experts are spending valuable time correcting information and moving numbers from one platform to another. ” Supporting an Accounting Shift.

Account 52

Account accountant accounted accounting and finance 52

PYMNTS

MARCH 13, 2019

government is readying to create a new accounting and auditing watchdog after months of scrutiny that the current regulatory landscape has failed to prevent accounting scandals and protect customers. The Competition and Markets Authority also conducted its own review of the sector. “The U.K.

Account 43

Account accountant accounted auditor 43

Going Concern

SEPTEMBER 22, 2023

As leader of the Division of Finance, Miller oversees the university’s accounting and financial reporting, procurement and surplus property, budget and financial planning, capital budgeting, financial management, debt and cash management, financial information technology, risk management, and university bursar functions.

audit 88

audit accounting and finance Virginia auditor 88

PYMNTS

NOVEMBER 5, 2018

s Financial Reporting Council is reportedly stepping down from the position amid continued scrutiny that the FRC lacks effectiveness to prevent corporate accounting scandals and industry failures. 2) said FRC chief executive Stephen Haddrill will leave the post as the government continues its review of the watchdog.

corporate accounting 51

corporate accounting Construction Government audit 51

CPA Practice

JANUARY 17, 2024

CPAClub has launched new solutions designed to transform the landscape of accounting, advisory, audit and assurance services for private and public companies. Innovative Solutions for Modern Challenges Corporate accounting and internal audit departments are navigating an increasingly complex and high-pressure business environment.

CPA 40

CPA cpa firm audit auditor 40

PYMNTS

JUNE 20, 2018

’s accounting watchdog, the Financial Reporting Council (FRC), has now levied more fines in two days than it has in the entirety of 2017, according to Bloomberg reports on Tuesday (June 19). Scrutiny of the FRC ramped up earlier this year, following a government probe into the collapse of contractor Carillion.

institute of chartered accountants 49

institute of chartered accountants Account accountant accounted 49

PYMNTS

APRIL 18, 2018

A slew of accounting scandals in the U.K. has led the government to launch an inquiry into the powers of the Financial Reporting Council (FRC), the government watchdog aimed at overseeing auditing and accounting practices in the country. Reports in Reuters this week said the U.K.

Account 40

Account accountant accounted audit 40

Going Concern

MARCH 22, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. Movers and Shakers Jackson M. Day to the role of director of technical activities.

Minnesota 94

Minnesota cpas audit CPA 94

PYMNTS

MARCH 13, 2018

The IFIAR found accounting lapses in about 40 percent of the 918 audits of public companies inspected in 2017. The inspections targeted businesses with complex accounting needs or those with risky situations, like merger and acquisition activity. government contractor and Brazil oil giant Petrobras. In the U.K. In the U.K.

audit 44

audit auditor Account accountant 44

PYMNTS

MARCH 6, 2019

Corporate accounting standards are changing, with the Financial Accounting Standards Board adopting new standards in ways companies report on leases, hedging and other financial activity. A recent report from CFO.com shed light on another factor driving accounting and financial transparency within corporate America.

Finance 55

Finance accounting standards accounting principles accounting and finance 55

PYMNTS

DECEMBER 29, 2020

percent more financial crimes in areas where corporate accounting fraud has been reported. There was also a connection made between corporate fraud and local financial crimes like robberies. There are also 2.3 Also this month, the U.S.

Utah 67

Utah Tax corporate accounting Government 67

PYMNTS

JANUARY 27, 2020

The fact that federal agencies – namely the Bureau of Labor Statistics (BLS) – still refer to gig workers as “contingent workers” involved in “non-primary work” underscores how far behind this megatrend government accounting has fallen. It’s anybody’s guess how gig economy market dynamics will shake out at this point.

AP Automation 88

AP Automation accounts payable New York accounting software 88

Going Concern

OCTOBER 21, 2022

KPMG flunks US overseas audit inspections twice as often as rivals [ Financial Times ] US regulators were twice as likely to find flaws in audits conducted by the overseas affiliates of KPMG than those of any other Big Four accounting firm, an analysis of inspection data shows. Accounting Firm Mergers. Practice Management.

audit 75

audit CPA accounting firms accounting and finance 75

PYMNTS

JULY 6, 2020

Many customers were unaware that the government in the United Kingdom mandated banks to allow safe and secure access of their data with third parties. And as for all the press they get, APIs have an awareness problem to overcome. By handling that, the exciting possibilities of APIs for B2B payments will materialize.

B2B 76

B2B accounting and finance accounting software corporate accounting 76

PYMNTS

MAY 28, 2019

financial watchdogs have stepped up their oversight of the accounting and auditing industry amid a string of corporate accounting scandals, collapses and questions over the dominance of the Big Four auditing firms. KPMG , PwC , Deloitte and EY head the U.K.

auditor 40

auditor audit Construction corporate accounting 40

PYMNTS

MAY 17, 2018

government released its report into the Carillion fiasco and it’s damning, to say the least – though not unexpected. Since the collapse of Carillion , once the nation’s second-largest construction company and a massive government supplier, fingers have been pointed in all directions. The Government’s Report.

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audit accounting and finance Government corporate accounting 40

PYMNTS

JANUARY 18, 2019

Some Amazon shareholders have sent a letter to the company, according to CNBC , demanding that it stop selling its facial recognition software to government agencies. The letter was organized by Open MIC, which focuses on corporate accountability, and was filed on Thursday (Jan. 17) by the Sisters of St.

Technology 46

Technology Government corporate accounting Sales 46

Withum

OCTOBER 11, 2023

On October 7, 2023, California Governor Newsom signed SB 253 and SB 261 , collectively known as the “California Climate Accountability Package,” into law. The reporting aligns with the Greenhouse Gas Protocol Corporate Accounting and Reporting Standard and its Scope 3 counterpart.

California 59

California payroll Start-ups accounting and finance 59

PYMNTS

AUGUST 1, 2018

According to the analytics firm, there is a trade finance-related corporate accounting loophole that may be widespread in the U.S. Fitch warned that this classification allows corporate buyers to operate with a lack of transparency in their finances. and Europe, and it could be contributing to longer supplier payment terms.

Finance 40

Finance accounting and finance corporate accounting accounting standards 40

PYMNTS

JANUARY 2, 2020

Several high-profile corporate collapses and initiatives from corporate accounting standard-setters have raised questions about businesses’ use of supply chain finance and whether the trade finance tool prevents investors and auditors from gaining a transparent view into company finances. billion in debts.

auditor 52

auditor accounting and finance audit Finance 52

PYMNTS

SEPTEMBER 4, 2018

The Land Bank is a government-owned bank. By stretching across borders, the Jenga offerings allow businesses to accept payments into their corporate accounts. In August, Finserve, a wholly owned subsidiary of the Equity Group, said it launched the Jenga API and Jenga Payment Gateway.

B2B 40

B2B corporate accounting Government Account 40

PYMNTS

AUGUST 6, 2018

As reported last week, Fitch said a loophole tied to corporate accounting exists, one which opens the door to longer payment terms. We are urging the government to put in place project bank accounts on all public sector projects. The impact of late payments has been strong enough to merit a warning from Fitch Ratings.

Finance 40

Finance Construction accounting and finance corporate accounting 40

PYMNTS

JUNE 18, 2019

Corporate auditing and accounting firm KPMG remains in the crosshairs of regulators in various parts of the globe. government’s Public Company Accounting Oversight Board. .” government’s Public Company Accounting Oversight Board. The most recent case is rooted in the U.S., In the U.K.,

audit 46

audit Government accounting firms Account 46

PYMNTS

AUGUST 21, 2018

.” The FRC slapped KPMG with a nearly $4 million fine earlier this year for 2013 audits of Quindell, and soon followed up with a warning for the accounting and auditing firm. KPMG has also been criticized for its audit of Carillion and failing to predict the government contractor’s eventual collapse. government. .

auditor 40

auditor audit financial statements accounting and finance 40

PYMNTS

NOVEMBER 4, 2019

lawmakers are calling for new legislation that would ensure auditors and accountants are better able to identify and call out issues within their clients’ finances as the government works to avoid more high-profile corporate collapses. Finance U.K. reported on Monday (Nov. She added that the U.K.

audit 40

audit accounting and finance auditor Finance 40

PYMNTS

OCTOBER 9, 2018

” In a statement responding to the government’s review of the watchdog, BlackRock said there should be no “wholesale changes” to the FRC. . “They have gone down a long way in my estimation.”

auditor 51

auditor audit Government Legal 51

PYMNTS

MAY 10, 2018

Businesses are largely behind the push, with government initiatives promoting a digital economy and FinTech innovators targeting corporate payments and finance in addition to their consumer-focused endeavors. In FY2012, corporate lending accounted for half of banks’ revenues linked to advances or income interest, reports said.

accounting and finance 40

accounting and finance Technology Government B2B 40

PYMNTS

APRIL 5, 2019

Not only that, but the poll findings come at a time when talk is increasing about government regulation of social media, some of which comes from a genuine interest in doing so, while some is no doubt an attempt to stay a step ahead of regulations and set favorable conditions for rules that are starting to seem inevitable.

corporate accounting 57

corporate accounting Government Account accountant 57

PYMNTS

MAY 17, 2018

Reports pointed to research from the Japan Association for Chief Financial Officers released last year, which found nearly three-quarters of CFOs had either seen or heard of “inappropriate” actions related to accounting fraud or embezzlement. Meanwhile, Prime Minister Shinz?

Government 43

Government Sales Account accountant 43

PYMNTS

APRIL 5, 2019

Not only that, but the poll findings come at a time when talk is increasing about government regulation of social media, some of it from a genuine interest in doing so, some of it no doubt an attempt to keep a step ahead of regulations and set favorable conditions for rules that are starting to take on the slight feel of the inevitable.

corporate accounting 51

corporate accounting Government Account accountant 51

PYMNTS

MAY 11, 2018

The Australian government is planning to cut funding for its corporate watchdog, despite the regulator warning that a lack of resources has already limited its effectiveness. Such banks included the Commonwealth Bank of Australia, which was announced in the Commission’s preliminary findings of the investigation.

Government 43

Government Finance Technology corporate accounting 43

Snyder

MARCH 6, 2023

Our fast-paced world has transformed many jobs, but few seem to have changed as much as what accountants typically did even 20 years ago compared to today, next year, or the next decade. So, let’s look at the accountant roles of today and the current trends that influence what the roles of an accountant of tomorrow will entail.

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forensic accounting Account accountant accounted 52