PYMNTS

OCTOBER 28, 2019

The Big Four auditing firms — EY, Deloitte, KPMG and PwC — have recently requested that the Financial Accounting Standards Board (FASB) provide clarity in how corporates should classify their reverse factoring or supply chain financing agreements, adding more fuel to a long-standing debate as to whether such trade financing tools are debt.

B2B 40

B2B Accounting Standards Finance Invoicing 40

PYMNTS

FEBRUARY 14, 2019

Along with regulatory action from tax reform and tougher Know Your Customer (KYC) rules adding the pressure of complex red tape, public companies need to add one more compliance concern to their list: changes to accounting standards by the Financial Accounting Standards Board (FASB). “In many ways, they are.”

Accounting Standards 46

Accounting Standards Compliance Accounting Auditing 46

PYMNTS

JULY 6, 2018

Reports in the Australian Financial Review said the Australian Securities and Investments Commission (ASIC) has reviewed 2017 statements of 90 corporates in the country to assess their compliance to new accounting rules that came into effect on Jan. In its assessment, the ASIC also concluded that some audit reports were too vague.

Accounting 41

Accounting Auditing Accounting Standards Compliance 41

PYMNTS

DECEMBER 12, 2019

auditing firms — EY, Deloitte, KPMG and PwC — for guidance from the Financial Accounting Standards Board in October with regard to how supply chain finance should be classified on financials, similarly pointing to an increased use of reverse factoring arrangements. The SEC’s remarks follow requests by the Big Four U.S.

Finance 58

Finance Accounting Standards Auditing Corporate Finance 58

PYMNTS

JANUARY 10, 2019

Today, external auditors and accountants are facing rising pressure to mitigate risk amid market volatility, with analysts pointing to increased auditing fees last year as accounting standards tighten.

Finance 74

Finance Risk Management Auditing Accounting Standards 74