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B2B Payment Terms In Flux Amid Market Volatility

PYMNTS

Cash flow has never been more critical to businesses as it is right now, and both the private and public sectors are taking action to ensure B2B payments continue to flow through the supply chain. ” Despite the initiative, the impact of the coronavirus pandemic on B2B payments flow has been inconsistent throughout the globe.

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UK Accounting Watchdog Ramps Up Fines

PYMNTS

Institute of Chartered Accountants in England and Wales (ICAEW), told Bloomberg that the FRC’s decision to levy greater fines may actually hurt the accounting and auditing industry competition because they scare smaller players away. Meanwhile, other lawmakers have called on the FTC and the U.K.’s