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Financial Accounting Hierarchy - By JP Puchulu

Boston Startup CFO

If you lack knowledge in accounting principles, you open yourself up to many potential risks, including inaccurate financial statements which can hinder your ability to make informed decisions. Additionally, you open yourself up to compliance and audit issues, and you’ll potentially decrease your chances of securing funding and financing.

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Is FinServ Reform Losing Sight Of Economic Growth?

PYMNTS

“Without a robust financial services supply chain, our nation cannot finance adequate economic growth,” the report said in its executive summary. The legislation, which came into effect January 1, 2015, aims to tighten banks’ risk management capabilities and requirements. Only the PCAOB Audit Standards and U.S.

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Virtual Accounts Bring Opportunity Amid Corporate Banking Reform

PYMNTS

There is some concern that widespread financial regulations like Basel III may lead economies to lose sight of FinTech innovation and overall economic growth. Virtual accounts, he said, “have proved valuable in helping our clients take a more holistic approach to cash management.”