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.

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Going Concern

SEPTEMBER 22, 2023

economy, including employment, labor income, and tax contributions to federal, state, and local governments. Accounting Transparency Effort Tied to Decreased Funding for Innovation [ NC State ] Two new studies find that regulations aimed at improving the transparency of corporate accounting practices may have had unintended consequences.

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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

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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 55

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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.

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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.

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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

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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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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.

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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.

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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.

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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.

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Going Concern

OCTOBER 21, 2022

Circle K planning to eliminate corporate accounting jobs in Columbus and other North American locations [ The Republic ]. Circle K is eliminating potentially dozens of corporate accounting jobs from its US Midwest Region office on West Jonathan Moore Pike in Columbus, The Republic has confirmed.

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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.

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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

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ThomsonReuters

JANUARY 18, 2024

Furthermore, accountants are increasingly focusing on a particular vertical or niche to further boost their competitive edge. Requirements to become a CPA Those accountants interested in becoming a CPA must earn at least a bachelor ’ s degree and pass a state licensure exam. However, this is no longer the case.

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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.,

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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.

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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.

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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.

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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

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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

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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.

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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.

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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.

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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.

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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.”

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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. .

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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

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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.

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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.

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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.,

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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.

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PYMNTS

JUNE 26, 2020

. “Small businesses in particular need cash flow forecasting, financial resiliency planning, advice on payment scheduling as well as consulting on applying for available government help. ” Supporting an Accounting Shift. All of these things require reliable data in real time.”

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PYMNTS

JUNE 20, 2018

Scrutiny of the FRC ramped up earlier this year, following a government probe into the collapse of contractor Carillion. The watchdog and the nation’s pensions regulator were “united in their feebleness and timidity,” a U.K.

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PYMNTS

AUGUST 7, 2019

The Parliamentary Joint Committee on Corporations and Financial Services is being pressed by some to investigate those claims and examine the state of the auditing industry overall. “We

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PYMNTS

MARCH 17, 2017

Meanwhile, National Association of Corporate Directors President and CEO Peter Gleason said “the sharing of leading governance practices is an essential element of effective board leadership.”. “Successfully battling fraud in financial reporting requires strong collaboration among all the principal players,” he said.

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