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

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

Cherry Bekaert

NOVEMBER 9, 2023

corporations earning over $1 billion in global gross revenues and doing business in California to annually report their greenhouse gas emissions. Carbon Accounting and Reporting is a critical component of Environmental, Social, and Governance (ESG) and ideally should be handled by a CPA or accounting firm.

accountant

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. ” Meanwhile, previous research from Audit Analytics has also revealed that the number of accounting errors among the U.S.’s

Finance

PYMNTS

AUGUST 1, 2019

s Big Four corporate accountancy and auditing firms — Deloitte, PwC, KPMG and EY — saw nearly three times as many fines last year as they did in 2017, according to the Financial Times. million, respectively, once accounting for settlement discounts). million and $15.8

accountant

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

PYMNTS

JUNE 29, 2020

Wirecard Forces ‘Radical’ Reboot Of German Accounting Regs. As the fallout from Wirecard’s troubles unfold, Germany’s deputy finance minister has called for radical solutions to fix how accounting firms are regulated. Consumers Sour On Travel Rewards Cards.

accountant

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

accountant

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.

audit

PYMNTS

MAY 21, 2018

“Accounting regulation reviews need expert knowledge of its local and global history and failures, and the critical challenges of corporate accountability in an arena dominated by Big Four firms. lender HBOS and, more recently, the collapse of government construction contractor Carillion.

accountant

inDinero Accounting

JUNE 24, 2021

We specialize in accountants who speak business to business owners and CEOs. Sometimes there’s just no avoiding accounting speak. One business area with lots of corporate accounting terms is preparing the three essential (3E) financial reports : the profit & loss statement, the balance sheet, and the cash flow statement.

Non-Profits

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. The FRC has already increased the number of audit quality reviews from 126 in 2014 to 160 in fiscal year 2018.

auditor

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

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

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

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

Snyder

MARCH 6, 2023

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. Hop on reading to learn more about the role of an accountant: 1. Accountants: a quick job description 2. What influences the change in accountants’ role and functions?

forensic accounting

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.

auditor

PYMNTS

DECEMBER 27, 2019

In the year ahead, the Financial Reporting Council (FRC) is set to be replaced by a more powerful regulator, the Audit, Reporting and Governance Authority, in the government’s efforts to ramp up pressure on the auditing industry. government issued a combined $56.29 In the year to April 2019, the U.K. Insolvency Service.

auditor

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

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

Going Concern

MARCH 22, 2024

The decision will likely set up another showdown with Australian politicians who have strongly criticised the firm for not sharing the report, and frustrate government departments that have believe it should be shared. Movers and Shakers Jackson M.

Minnesota

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

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

ThomsonReuters

SEPTEMBER 11, 2024

← Blog home In response to the growing demand for transparency and accountability in environmental, social, and governance (ESG) practices, the European Commission has established a new regulatory framework through the Corporate Sustainability Reporting Directive (CSRD).

accounting and finance

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 U.K. “The U.K.

accountant

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

Withum

OCTOBER 11, 2023

The reporting aligns with the Greenhouse Gas Protocol Corporate Accounting and Reporting Standard and its Scope 3 counterpart. The reporting aligns with the Final Report of Recommendations of the Task Force on Climate-related Financial Disclosures , covering governance, metrics and targets, strategy, and risk management.

California

PYMNTS

JULY 17, 2019

It was never intended to help giant corporations rip off their suppliers,” she wrote. Fitch Ratings recently reignited that debate when it issued a warning about a corporate accounting loophole in the U.S. The reclassification of supply chain finance as debt is also a hot, controversial topic in the sector today.

Finance

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

PYMNTS

SEPTEMBER 3, 2018

The latter is a government-owned bank. As noted on BitcoinKE , the gateway is geared toward helping businesses plug into “a more robust” payment infrastructure that spans several countries — and allows businesses to accept payments into their corporate accounts. Payments Initiatives In Africa.

B2B

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

PYMNTS

SEPTEMBER 28, 2018

It has set its eyes on B2B payments in order to allow corporates to pay their utility bills and other invoices. It was facing a delay from the country’s government for the planned nationwide launch of the WhatsApp payment service in India. WhatsApp, meanwhile, is seeking a bigger profile in India.

B2B

CPA Practice

JANUARY 17, 2024

Innovative Solutions for Modern Challenges Corporate accounting and internal audit departments are navigating an increasingly complex and high-pressure business environment. As standards evolve and regulatory demands intensify, the competition for skilled accountants, advisors and auditors has reached new heights.

CPA

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.

accountant

PYMNTS

JUNE 18, 2019

government’s Public Company Accounting Oversight Board. Earlier this month India moved to ban a KPMG affiliate, as well as Deloitte Haskins & Sells, for five years after a government probe into Leasing & Financial Services uncovered evidence of fraud. Both auditing firms deny any wrongdoing. In the U.K.,

audit

PYMNTS

MARCH 13, 2018

The publication said the IFIAR’s conclusions add to skepticism over the reliability of major accounting and auditing firms around the world, following the high-profile collapse of several conglomerates due to accounting failures. government contractor and Brazil oil giant Petrobras. In the U.K.

audit