PYMNTS

DECEMBER 14, 2020

Treasury and Commerce departments are unable to protect their digital databases, lesser organizations would be seemingly hard-pressed to prevent similar security breaches. Justice Department, National Security Agency and the White House. The thinking goes that if the U.S. It includes all five branches of the U.S.

Securities 85

Securities Treasury Accounting Firms Leverage 85

PYMNTS

MAY 1, 2020

“They accept cryptocurrency, facilitate the exchange, charge a professing fee then transfer funds into a bank account in one or two days. Accounts receivable (AR) departments are gradually opening up to digital currency acceptance, but as Roche emphasized, it’s not a transition that will happen all at once.

Currencies 68

Currencies Accounting B2B Reconciliations 68

PYMNTS

JANUARY 9, 2019

In a 2017 report from job hunting site Indeed , researchers found that “small business accountant” was nowhere to be found in the top-10 job positions sought after by most small business employers. “Bookkeeping is the low-value work performed by accounting firms,” he said.

Accounting 71

Accounting Corporate Finance Accounting Firms Auditing 71

PYMNTS

OCTOBER 1, 2018

One-quarter of small businesses continue to record financial data on paper instead of keeping digital records, according to a new survey by Clutch, a B2B ratings and reviews firm, and the tactic is exposing these companies to security risks. HR, just like accounting is a specialized field.

Securities 43

Securities B2B Accounting Accounting Firms 43

PYMNTS

FEBRUARY 6, 2019

This shift has been so acute that small business cloud accounting firm Xero is even petitioning the Oxford English Dictionary to change the definition of “accountant” to one that includes the word “advise.” Changing Demand. That demand for human talent, by the way, hasn’t decreased.

Corporate Finance 74

Corporate Finance Accounting Finance Accounts Payable 74

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

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. Get the free guide!

Nonprofit 52

Nonprofit Compliance CFO Leverage 52

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

DECEMBER 18, 2018

Technology may be enabling automation in small business (SMB) accounting and financial management, but rather than cutting out the need for human accountants in the field, this tech disruption is supporting a change in the profession. Recently, several technology firms have done just that.

Accounting 53

Accounting Technology Finance Invoicing 53

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. Chief compliance officers often have a degree in finance, law, accounting, or business administration.

Finance 130

Finance Budgeting Compliance Financial Analyst 130

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

MAY 15, 2018

Microsoft is collaborating with Commonwealth Bank of Australia (CBA) and KPMG to form a new cloud accounting startup, Financial Review reported. Dubbed Wiise , the Australia-based startup will rival the market’s current industry leader Xero and fellow Australian small business accounting firm MYOB.

Startups 41

Startups Accounting Invoicing Accounting Firms 41

Boston Startup CFO

MAY 9, 2016

Among the top 10% of jobs most likely to be automated: insurance underwriters, tax preparers, loan officers, credit analysts, and accounting professionals. With many of the customer touch-points being automated, how can individuals and firms differentiate themselves and add unique value? In some ways, it’s already happening.

Accounting 52

Accounting Prioritization Advertising Compliance 52

PYMNTS

JUNE 24, 2020

But even then, there were concerns about Wirecard’s accounting practices, the network reported. billion) were missing from the German payment processor’s accounts in two Philippines banks. Within days, Braun, 50, was arrested on charges of accounting fraud and market manipulation. billion euros ($2.1

Investments 104

Investments Auditing Accounting Firms Accounting 104

PYMNTS

OCTOBER 31, 2016

Elizabeth Warren (D-MA) has reportedly sent a letter to KPMG, Wells Fargo’s auditor, questioning why the accounting firm did not catch the fake accounts that resulted in $185 million in fines for Wells Fargo. It’s estimated that 14,000 of those accounts accrued $403,145 in fees. Warren in the letter.

Accounting 59

Accounting Auditing Accounting Firms Banking 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 59

Tax Planning Compliance Restructuring Treasury 59

PYMNTS

JULY 15, 2016

Small business accounting firm Sage is taking a nuanced approach to its services. ” The solution was reportedly developed in partnership with Gupshup, which will help Sage expand its chatbot to other messaging platforms and enable Sage to access data analytics and security.

Accounting 40

Accounting Accounting Firms Leverage Finance 40

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

DECEMBER 7, 2020

Plus, Pioneer Bank sues over MyPayrollHR scandal, Procurement Partners secures new funding, and ImagineTime partners on FinTech for accountants. ImagineTime, Mango Billing Partner On Digital Accounting. MonetaGo, GUUD Team On Secure Transactions. Revolut Launches Acquiring Solution For Business Customers.

B2B 63

B2B Finance Practice Management Invoicing 63

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. That means accountants will be expected to become business advisers, not just number checkers.

Data Analysis 71

Data Analysis Accounting Standards Auditing Invoicing 71

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

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

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

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 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.

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

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. In a press release issued on Tuesday (Dec. Last year, Right Networks released a survey of SMBs’ views on cloud adoption.

Accounting Firms 46

Accounting Firms Accounting Technology eCommerce 46

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. Rescheduled canceled bookings due to the coronavirus account for 11 percent of the 2021 reservations.

Investments 65

Investments Compliance Accounting Firms Accounting 65

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

The Charity CFO

OCTOBER 4, 2022

The operations manager will be responsible for spearheading the budgeting process for the organization and ensuring that the accounting department delivers timely and accurate financial statements for the board of directors or other stakeholders. That doesn’t mean that the operations manager needs to be an accountant.

Nonprofit 98

Nonprofit Budgeting Compliance CFO 98

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 There is also growing demand for better accounts receivable (AR) management, he added. 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. When you get a false account, they have a nasty habit of being paid.”. These trends make the latest research from Australian cloud accounting firm MYOB all the more concerning.

Securities 77

Securities Education Invoicing Manufacturing 77

CFO Talks

SEPTEMBER 28, 2022

I fell in love with accounting and it’s still my passion’. 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.

CFO 52

CFO Budgeting Finance Accounting 52

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. .” In the U.K.,

Auditing 46

Auditing Compliance Accounting Accounting Firms 46

PYMNTS

OCTOBER 6, 2016

Entryless, a cloud-based financial network that allows small and medium-sized businesses to react more quickly to the needs of their buyers and suppliers, announced an integration with accountancy platform Sage Live. This integration will improve companies’ ability to pay bills and complete accounts seamlessly.

B2C 75

B2C Auditing B2B Invoicing 75

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. He has denied the allegations.

Construction 76

Construction Accounting Firms Banking Sales 76