Nerd's Eye View

OCTOBER 14, 2022

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that the Cost Of Living Adjustment (COLA) for Social Security beneficiaries will be 8.7% Why accounting firms have become hot acquisition targets for RIAs.

Tax Planning 80

Tax Planning Practice Management Accounting Firms Securities 80

PYMNTS

JUNE 26, 2020

Ernst & Young ( EY ), the global accounting firm hired to verify Wirecard’s financials, failed to request crucial information from a Singapore bank where the German payment processor claimed it had up to 1 billion euros ($1.1 The big question for me is what on earth did EY do when they signed off the accounts?”

Accounting 116

Accounting Auditing Accounting Firms Banking 116

The Charity CFO

APRIL 18, 2024

These challenges include financial issues, data security compliance, and talent retention problems. Financial Sustainability For nonprofits, financial sustainability means the financial security to cover expenses and advance your mission. Implement staff and volunteer training on security best practices.

Nonprofit 52

Nonprofit Compliance CFO Leverage 52

PYMNTS

JUNE 24, 2020

Neil Campling, an analyst at Mirabaud Securities, told CNBC that the transaction was structured in such a way that SoftBank took no financial risk. The Netherlands accounting firm said it was unable to conclude whether revenues booked from three partner processing companies ever existed for 2016, 2017 or 2018, CNBC reported.

Investments 104

Investments Auditing Accounting Firms Accounting 104

CFO News Room

DECEMBER 16, 2022

Job security is always a concern when choosing a career, but some fields are more recession-proof than others. They may work in various industries, such as investment firms, accounting firms, banks, or the government. Budget analysts typically work in the government or for accounting firms.

Finance 130

Finance Budgeting Compliance Financial Analyst 130

PYMNTS

MAY 22, 2020

Arkansas, Colorado, Illinois and Ohio have warned tens of thousands of residents who have applied online for unemployment benefits due to COVID-19 of possible data breaches that could have exposed names, addresses and Social Security numbers.

Budgeting 53

Budgeting Securities Accounting Firms Numbers 53

PYMNTS

DECEMBER 6, 2020

Practice management software provider ImagineTime , which works with accounting firms, has partnered with Mango Billing for a "next-generation practice management solution," according to a press release.

Accounting 67

Accounting Practice Management Invoicing Accounting Firms 67

CFO News Room

NOVEMBER 14, 2022

accounting regulators to inspect China-based audits is raising questions about the role of unregistered auditors in the Chinese gambling enclave of Macau, where several U.S.-listed Auditors typically assemble a team involving several outside auditors, usually individual accountants or accounting firms, as their clients often operate globally.

Auditing 100

Auditing CFO Accounting Corporate Finance 100

PYMNTS

DECEMBER 7, 2020

Plus, Pioneer Bank sues over MyPayrollHR scandal, Procurement Partners secures new funding, and ImagineTime partners on FinTech for accountants. MonetaGo, GUUD Team On Secure Transactions. Today in B2B payments, Revolut launches a new solution for its business customers, and MonetaGo collaborates to combat trade finance fraud.

B2B 63

B2B Finance Practice Management Invoicing 63

PYMNTS

SEPTEMBER 27, 2020

B2B FinTech investments have been going strong in 2020 thus far, with eCommerce-as-a-Service firm Mirakl securing a $300 million investment, payments firm Zoop securing a $10.85 million round and mobile-first financial service firm Finom getting $12 million in an investment round.

Practice Management 64

Practice Management B2B Invoicing Accounting Firms 64

PYMNTS

SEPTEMBER 15, 2020

EY’s global chairman and CEO has expressed regret over the accounting firm’s failure to uncover fraud sooner at Wirecard AG , the bankrupt German payment company. In a filing with the Australian Securities Exchange, the U.S. On Monday (Sept. 14), Change Financial Co., the Australia publicly-traded company that serves U.S.

Auditing 72

Auditing Accounting Firms eCommerce Securities 72

CFO Simplified

MARCH 7, 2024

The CTA and the disclosure obligations it imposes upon reporting companies is designed to help safeguard national security and provide US law enforcement agencies with an additional tool to fight financial crimes, such as money laundering, trafficking, tax fraud, and other illicit activities.

Tax Planning 59

Tax Planning Compliance Restructuring Treasury 59

CFO Simplified

MARCH 7, 2024

The CTA and the disclosure obligations it imposes upon reporting companies is designed to help safeguard national security and provide US law enforcement agencies with an additional tool to fight financial crimes, such as money laundering, trafficking, tax fraud, and other illicit activities.

Tax Planning 52

Tax Planning Compliance Restructuring Treasury 52

PYMNTS

JANUARY 2, 2020

The largest accounting firms – EY, Deloitte, KPMG and PwC – are investing billions of dollars in artificial intelligence (AI) and data technology products to change the industry in new ways, according to a report by Bloomberg Tax. The new rules will also shorten the “look-back” period that U.S.

Data Analysis 71

Data Analysis Accounting Standards Auditing Invoicing 71

PYMNTS

MAY 5, 2020

The company’s filing with the Securities and Exchange Commission (SEC) on Tuesday (May 5) indicated that its accounting firm had “substantial doubt” about NCL’s ability to stay in business.

Investments 65

Investments Compliance Accounting Firms Accounting 65

PYMNTS

SEPTEMBER 29, 2020

An EY whistleblower has alleged the global accounting firm was warned as far back as 2016 that senior managers at Wirecard may have committed fraud and one had tried to bribe an auditor, the Financial Times (FT) reported. But an apology may not be enough.

Auditing 75

Auditing Accounting Firms Accounting Sales 75

PYMNTS

DECEMBER 9, 2020

This has accelerated the need for spend management solutions and payment tools that enable businesses to review and approve transactions in real time, Caleb Jenkins , leader of client accounting services for tax and accounting firm RLJ Financial , said in a PYMNTS interview.

General Ledger 62

General Ledger Budgeting B2B Accounting 62

PYMNTS

OCTOBER 1, 2020

As reported earlier in this space, dealmaking to date in 2020 has included eCommerce-as-a-Service firm Mirakl securing a $300 million investment, and payments firm Zoop securing a $10.85 million round, among others.

B2B 56

B2B Invoicing Practice Management Reconciliations 56

PYMNTS

SEPTEMBER 11, 2017

In Australia, Small Business and Family Enterprise Ombudsman Kate Carnell emphasized this warning at the ASIAL Security Conference held in July. These trends make the latest research from Australian cloud accounting firm MYOB all the more concerning.

Securities 77

Securities Education Invoicing Manufacturing 77

PYMNTS

OCTOBER 25, 2019

Top accountancy firms are asking the Financial Accounting Standards Board (FASB) to clarify how corporates should report on supplier finance programs that are in place, according to Compliance Week reports on Friday (Oct.

Finance 40

Finance GAAP Compliance Accounting Standards 40

PYMNTS

DECEMBER 16, 2019

Its latest initiative includes a partnership with small business accounting firm Telleroo , which now enables its small business accountant users to make payments on behalf of their SMB clients thanks to a Moorwand integration.

Compliance 81

Compliance B2B B2C Prioritization 81

PYMNTS

DECEMBER 12, 2018

Small business (SMB) cloud accounting firm Right Networks has announced the acquisition of Propelware in an effort to connect its accounting technology to other areas of the enterprise. The capabilities of Autofy, coupled with the experienced team of people at Propelware, made this acquisition very compelling.”

Accounting Firms 46

Accounting Firms Accounting Technology eCommerce 46

PYMNTS

MAY 2, 2019

But all the money in the world to secure an organization’s back office won’t necessarily help safeguard all company data. The company commissioned Spiceworks to survey 600 security and IT leaders about their biggest concerns and areas of focus in supply chain cybersecurity. million business email compromise scam.

Securities 55

Securities Accounting Firms Startups Investments 55

PYMNTS

NOVEMBER 21, 2016

based small business accounting firm, has listed on the nation’s AIM stock exchange, the LSE ‘s market for smaller firms. Still, FreeAgent’s listing is good news for Seedrs, which also revealed last week that it secured a 14.4 Equity-crowdfunded FreeAgent, a U.K.-based Friday (Nov. million ($13.2

Startups 77

Startups Accounting Valuation Benchmarking 77

CFO News Room

DECEMBER 17, 2022

Airport security 100ml liquid rule to be scrapped BBC (furzy). Accounting firm that issued proof of reserves report for Binance halts service to all crypto clients Fox. BC: “Some engineering feats are more complicated than originally assumed.”. Pentagon Has Received ‘Several Hundreds’ of New UFO Reports Associated Press.

Economics 130

Economics Financial Systems Accounting Firms Planning 130

PYMNTS

JULY 19, 2020

Wirecard AG’s accounting firm said an independent report failed to account for half of the German payment company’s revenue and all its operating profit, the Financial Times (FT) reported. .

Auditing 61

Auditing Accounting Firms Manufacturing Accounting 61

PYMNTS

OCTOBER 6, 2016

Entryless makes electronic B2B payments faster, easier and more secure. A recent report from accountancy firm PwC found that 20 percent of all traditional financial services businesses were at risk to FinTech companies moving in and taking their clients.

B2C 75

B2C Auditing B2B Invoicing 75

PYMNTS

APRIL 29, 2019

Securities and Exchange Commission has appointed members to its newly-formed Small Business Capital Formation Advisory Committee as it works to support small business access to capital.

Accounting Firms 43

Accounting Firms Investments Securities Accounting 43

PYMNTS

JUNE 18, 2019

Corporate auditing and accounting firm KPMG remains in the crosshairs of regulators in various parts of the globe. where the Securities and Exchange Commission (SEC) has settled its case with KPMG for $50 million. government’s Public Company Accounting Oversight Board. The most recent case is rooted in the U.S.,

Auditing 46

Auditing Compliance Accounting Accounting Firms 46

PYMNTS

MAY 1, 2020

Cryptocurrency transactions can offer a host of benefits for B2B payment scenarios , with AR teams able to secure greater visibility and predictability into incoming payments while obtaining a secure record of the transaction. Choice, he said, is key to guiding corporates toward a digital currency ecosystem. The Benefits To AR.

Currencies 68

Currencies Accounting B2B Reconciliations 68

PYMNTS

JANUARY 12, 2021

Other firms also warned the regulator about Wirecard's possible money laundering and fraud activity. In addition, an EY whistleblower said the global accounting firm had reportedly known since 2016 that Wirecard senior managers had committed fraud and one might have tried to bribe an auditor.

Accounting Firms 70

Accounting Firms Banking Accounting Securities 70

PYMNTS

JANUARY 9, 2019

Separate reports from The Wall Street Journal ( WSJ ), published last April, also demonstrated the changing nature of corporate finance: While the Big Four accounting firms’ advisory and consulting revenue jumped by a combined 44 percent since 2012, revenue from straightforward auditing for the firms rose just 3 percent in that time.

Accounting 71

Accounting Corporate Finance Accounting Firms Auditing 71

PYMNTS

JULY 7, 2020

On Sunday (July 5), a report from KPMG, the Netherlands-based global accounting firm, revealed while the rest of the company’s divisions were portrayed as highly profitable, that now appears to have been just a show. That’s only 10 percent of the total creditors are owed, the report said.

Construction 76

Construction Accounting Firms Banking Sales 76

PYMNTS

AUGUST 1, 2018

Two small business FinTech startups announced Tuesday (July 31) that they have secured big venture capital funding rounds this week. Earlier this month, Gusto announced a partnership with small business accounting firm Xero, allowing it to provide payroll throughout all 50 states in the U.S.

Investments 40

Investments B2B Startups Accounting Firms 40

PYMNTS

NOVEMBER 29, 2017

28), Waddle secured about $38 million in debt funding from an investment management firm, though the firm’s three founders declined to name the investor. Last year, Waddle announced a partnership with Xero , the region’s largest small business cloud accounting firm.

Invoicing 40

Invoicing Finance Accounting Firms Securities 40

PYMNTS

DECEMBER 4, 2020

EY’s Wirecard fiasco triggered a 90 percent freefall in its share price in June, while critics have come down on the accounting firm for not noticing billions were missing. However, EY maintains that the fraud was so “elaborate” anyone could have overlooked it.

Auditing 75

Auditing Accounting Firms Banking Accounting 75

CFO Talks

SEPTEMBER 28, 2022

My guest today is Engela Van Loggerenberg, she wears a number of hats, she’s the group financial director of Cash Converters Southern Africa, she’s also the managing director of True Accounting and the owner of a Cash Converters store in Woodmead. That’s where I started as a receptionist and then I moved over to the accounts and the payroll.

CFO 52

CFO Budgeting Finance Accounting 52