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AUGUST 8, 2018

government heard calls this week to break up its Financial Reporting Council (FRC), separating the body’s audit watchdog and corporate governance roles into two regulators, reports in City A.M. said Tuesday (Aug. This would help the process of making changes to the U.K.

Financial Reporting 40

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DECEMBER 5, 2017

is ramping up oversight of corporate reporting as it expands the size of its Financial Reporting Council (FRC), according to news from The Financial Times on Sunday (Dec. Reports said the U.K.’s Reports said the U.K.’s

Financial Reporting 40

Financial Reporting Auditing Accounting Marketing 40

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SEPTEMBER 24, 2018

A research firm has discovered that the number of material accounting mistakes made by U.S. listed companies since 2005, finding firms that had to reissue their financials due to errors. For many, the mistakes were discovered when corporate finance teams were changing accounting paperwork to comply with the new U.S.

Numbers 68

Numbers Accounting Accounting Principles Corporate Finance 68

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MARCH 19, 2020

Automation in small business accounting can certainly be beneficial, but when a cloud-based accounting platform remains within the confines of its own interface, there can be unexpected friction that prevents business owners from gaining real-time financial insights. Elevating Functionality. Siloed Platforms.

Accounting 62

Accounting Invoicing Accounts Payable Financial Data 62

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AUGUST 16, 2020

Trintech , which works in integrated Record to Report software, is releasing Cadency 9.0, the newest update to its software, to help companies with faster account reconciliation, artificial intelligence, systems integration and more, a press release says.

Accounting 67

Accounting Reconciliations Auditing Financial Reporting 67

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JUNE 11, 2020

With market volatility and economic pressure higher than it has been in more than a decade, the ways businesses manage and account for their money is inevitably included in that wave of operational change. That means significant implications for the ways accountants and auditors operate both within an enterprise and externally from it.

Economics 77

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DECEMBER 27, 2019

’s so-called Big Four accounting giants — PwC, Deloitte, KPMG and EY — have reportedly set aside more than $212 million in preparation for potential fines ahead as auditing scrutiny grows. Reports in the Financial Times said the U.K.

Accounting 52

Accounting Auditing Financial Reporting Accounting Firms 52

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NOVEMBER 28, 2017

In today’s fast-paced business environment, the mad dash at the end of every month to close the books is hardly beneficial to today’s entrepreneur – or her accountant. “That forces the accountant to get into a phase of just trying to get it done. . “The news is about 30 days old at best.”

Financial Reporting 45

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OCTOBER 9, 2018

Banks and businesses alike are heading toward the 11th hour of changes in accounting standards, which will have a major impact on how companies report financial metrics and performance. Experts say the move will not go unnoticed when the accounting standards begin to take effect for public companies in 2021.

Accounting Standards 61

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AUGUST 11, 2020

In a move that lets small businesses take card payments and monitor income, accounting platform Clear Books has integrated with Stripe. The connection enables small businesses with a Clear Books account to take invoice payments by credit and debit card, according to an announcement.

Accounting 65

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JULY 11, 2019

s so-called Big Four accountancy firms — KPMG, PwC, EY and Deloitte — have reportedly failed to reach audit quality standards set by the Financial Reporting Council , Reuters reported this week. The FRC said accountants are failing to take a tougher stance with their clients and question information given to them.

Auditing 49

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JUNE 20, 2018

’s accounting watchdog, the Financial Reporting Council (FRC), has now levied more fines in two days than it has in the entirety of 2017, according to Bloomberg reports on Tuesday (June 19). Parliament committee found, adding that the FRC identified issues with Carillion accounts in 2015, but failed to act on them.

Accounting 49

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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. The publication reported Wednesday (July 31) that the Big Four were hit with a combined $52.3 million and $15.8 million and $15.8

Accounting 43

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JUNE 10, 2019

Certified Professional Accountants (CPAs) in California are calling on an industry watchdog to clarify standards for cryptocurrency accounting, with expectations that corporations will increase their use of cryptocurrencies moving forward. GAAP,” the letter stated.

Accounting 51

Accounting IFRS GAAP Accounting Standards 51

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OCTOBER 11, 2018

Corporates are gearing up to manage a whole slew of accounting standards changes in the coming years, but one of the more immediate effects involves how leases are recorded on financial statements. Reports also said that there may be no financial benefit to the changes.

Accounting 49

Accounting Accounting Standards Financial Reporting CFO 49

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AUGUST 16, 2019

General Electric has been targeted in accusations of massive accounting fraud by the whistleblower that called out Bernard Madoff’s Ponzi scheme, reports in CNBC said on Thursday (Aug. GE shares dropped more than 13 percent in the wake of the report’s publishing, reports said.

Accounting 50

Accounting Healthcare Transportation Finance 50

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MAY 3, 2019

Chief financial officers are changing their views on how they assess corporate performance in light of changes to lease accounting rules coming into play. Companies including Orange, Deutsche Telekom and Air France have already notified investors that they are amending or changing performance metrics.

Accounting 49

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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 Competition and Markets Authority also conducted its own review of the sector. “The U.K.

Accounting 43

Accounting Auditing Financial Reporting Marketing 43

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JANUARY 9, 2019

One way this shift has materialized is in how small businesses seek and hire financial professionals to join their companies. 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.

Accounting 71

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MAY 21, 2018

have been chosen to lead the inquiry into the nation’s accounting watchdog and assess whether the body is effective at identifying and preventing accounting issues. Reports said no current executives from the so-called Big Four accountancy firms — PwC , Deloitte , EY and KPMG — are in the group.

Accounting 40

Accounting Auditing Treasury Accounting Standards 40

PYMNTS

DECEMBER 19, 2018

’s Big Four accountancy firms — KPMG , PwC , EY and Deloitte — have escaped a forced breakup from the Competition and Markets Authority (CMA), The Guardia n reported on Tuesday (Dec. ” “Most people will never read an auditor’s opinion on a company’s accounts,” he said. ”

Accounting Firms 46

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MAY 6, 2016

Earlier in the week, we reported on the bust that is B2B venture capital this week. There hadn’t been any investments in B2B finance and payments startups in the first half of the week, a void that casts doubt on those earlier reports of investors cozying up to startups targeting businesses, not consumers. Accounting.

B2B 41

B2B Investments Startups Financial Data 41

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JANUARY 30, 2020

New lease accounting standards are in effect for publicly traded companies in the U.S. after the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) introduced changes to the way businesses account for their outstanding leases. ” Lease Misunderstandings.

Accounting 40

Accounting Accounting Standards Compliance Securities 40

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MARCH 14, 2016

Data from the world of B2B finance flowed in from across the globe this week. 10,000 businesses have accessed financing via Swift Capital , the company said in its most recent financial report. Small business lenders touted their high-volume milestones, and researchers pointed to a massive spike in FinTech investments.

B2B 40

B2B Invoicing Benchmarking Finance 40

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DECEMBER 7, 2018

food commercial director, were accused by the SFO of manipulating financial reports to overstate profits. Both have denied the charges, which included allegations that they were aware of internal efforts to make it appear as if Tesco had been more financially healthy than it actually was. .” Chris Bush, former U.K.

Accounting 43

Accounting Corporate Finance Financial Reporting Finance 43

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OCTOBER 12, 2018

The chief financial officer of U.K. café chain Patisserie Valerie has been arrested after the company revealed “significant, and potentially fraudulent, accounting irregularities,” according to BBC reports on Friday (Oct. The company went public in 2014. Prior to its suspension, it had been valued at $578.7

Accounting 49

Accounting Finance Auditing Financial Reporting 49

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OCTOBER 1, 2019

have led the Financial Reporting Council (FRC) to enact more stringent accounting standards, The Guardian reported on Monday (Sept. According to reports, the FRC issued an updated going concern standard, adding “significantly stronger requirements” for U.K.

Accounting Standards 51

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SEPTEMBER 26, 2019

The Securities and Exchange Board of India will reportedly give non-bank financial companies (NBFCs) two years to adopt and implement changes to accounting standards, the Financial Express reported Wednesday (Sept. Individual Shareholders Society, said in an interview with The Wall Street Journal earlier this year.

Accounting Standards 43

Accounting Standards Accounting Economics Financial Reporting 43

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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.

Accounting 40

Accounting Auditing Financial Reporting Finance 40

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MARCH 19, 2018

regulators are encouraging an inquiry into whether the market’s Big Four accountancy firms — KPMG, Deloitte, PwC and EY — should be broken up and forced to spin off their auditing arms, reports said. The Competition Commission introduced some remedies to try and encourage more competition,” he told the Financial Times.

Accounting 49

Accounting Auditing Accounting Firms Financial Reporting 49

PYMNTS

JULY 25, 2017

In an announcement Monday (July 24), Payably said it will integrate CardConnect ‘s payment processing technology into its own mobile payments platform, used by SMEs to accept mobile payments and to integrate payment data into their own accounting solutions.

Accounting 44

Accounting Financial Reporting Technology Securities 44

PYMNTS

MARCH 4, 2020

The enterprise resource planning ( ERP ) system has been a staple of corporate finance operations for years, acting as a central repository of data and a hub to initiate a range of processes, from accounting to procurement. He pointed to financial reporting as one example of this shift. The ERP’s Role in a FinTech World.

Cash Flow Forecasting 104

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JULY 6, 2020

The Big Four accounting firms will have to put their United Kingdom auditing and consulting practices in separate business units by 2024, but may keep them within the same parent companies, under regulations announced today by the Financial Reporting Council. The measures by the U.K.’s

Auditing 66

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OCTOBER 30, 2020

Managing Cash Flow Reporting in B2B. Businesses also prioritize having up-to-date financial status data that will enable them to carefully oversee liquidity across all their various bank accounts and to make accurate decisions. Fifty-six percent of demand deposit accounts in the U.S. Carter said.

B2B 59

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OCTOBER 18, 2019

Revenue for that unit hit $6 billion, the company said in its latest financial report , released Friday (Oct. Net card fees increased 19 percent year over year and accounted for 9 percent of the total revenue for American Express in the third quarter. The charge net write-off rates stood at 1.8 New Amex Offering.

Startups 40

Startups B2B Accounting Financial Reporting 40

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AUGUST 14, 2019

In case you missed it, it seems PayPal-owned Venmo has added another option for instant transfer of money to a bank account, according to a blog post by the company earlier this week (Aug. to fully embrace real-time payments for both B2B and B2C activity.”. Zelle Trends. Venmo, of course, is not the only major P2P player in the game.

B2C 49

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MARCH 6, 2020

UK Moves Closer to Big Four Accountancy Breakup. The British audit regulator, the Financial Reporting Council (FRC), announced plans this week to break up the dominance of the largest four accounting firms: PwC, EY, Deloitte and KPMG. Trackers and Reports.

Treasury 52

Treasury Auditing eCommerce Cash Management 52