PYMNTS

JANUARY 7, 2021

The paper reported that the Office of the Comptroller of the Currency (OCC) is looking into business card sales tactics at the company as well, citing unnamed sources. We carefully examine any issues raised through our various internal and external feedback channels and audits, and we do not tolerate any misconduct.”.

Sales 97

Sales Treasury Auditing Risk Management 97

PYMNTS

NOVEMBER 29, 2018

In finance, that could mean introducing smart contracting capabilities in global trade, or the ability to facilitate cross-border payments via crypto-to-fiat currency exchanges. Some blockchain pioneers have also begun to explore how the technology might be able to address financial challenges for particular industries.

Auditing 54

Auditing Entertainment B2B Finance 54

PYMNTS

JANUARY 13, 2020

It was a difficult week for businesses getting hit with cyberattacks, with foreign currency company Travelex among the most high-profile of recent cases. According to the publication, the school district’s annual audit failed to identify the scheme because only a section of all transactions are reviewed.

B2B 89

B2B Invoicing Currencies Construction 89

PYMNTS

MARCH 12, 2020

Meanwhile, as the tax authority in Australia puts digital currency traders in its sights, many people in the country will get a warning in the following weeks from the Australian Taxation Office (ATO), news.com.au Digital currencies, for their part, are seen as a property type and an asset when it comes to capital gains tax.

Securities 52

Securities Currencies Auditing Sales 52

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 audit watchdog. audit watchdog. A recent agreement between Washington and China allowing U.S. listed casino businesses operate. Associates Inc.,

Auditing 100

Auditing CFO Accounting Corporate Finance 100

PYMNTS

NOVEMBER 20, 2020

According to Gulati, some of most prominent challenges include understanding when to send an invoice and in what currency, converting incoming payments into a local currency, and being able to collect all of this data for reporting purposes. All of this is really manual," noted Gulati. "If It can be nightmarish.".

Mergers and Acquisitions (M&A) 61

Mergers and Acquisitions (M&A) Foreign Exchange Reconciliations Currencies 61

PYMNTS

OCTOBER 28, 2020

OpenEnvoy Launches To Provide B2B Invoice Auditing. To help businesses only pay for what they have agreed to buy, OpenEnvoy has been established to offer invoice auditing without intervention. The firm is focused on safeguarding businesses from being charged too much by vendors, according to a Tuesday (Oct. 27) announcement.

B2B 56

B2B Foreign Exchange Accounts Payable Invoicing 56

PYMNTS

OCTOBER 20, 2017

At the same time, the blockchain guarantees that there is “a fully auditable and valid ledger of transactions.”. By combining Mastercard blockchain technology with our settlement network and associated network rules, we have created a solution that is safe, secure, auditable and easy to scale,” said Ken Moore, EVP, Mastercard Labs.

B2B 84

B2B Auditing Currencies Startups 84

PYMNTS

DECEMBER 3, 2020

The bill also leaves open the possibility to not count virtual assets as a legal currency. The Compounder team swapped the safe and audited Strategy contracts and replaced them with malicious ‘Evil Strategy’ contracts that allowed them to steal users funds,” Solidity Finance, who audited Compounder, told CoinDesk. “.

Numbers 56

Numbers Auditing Currencies Finance 56

PYMNTS

SEPTEMBER 2, 2020

It also helped that high-value currency notes were banned that year and fueled digital payments as Walmart Inc., The country’s digital payment market is expected to more than double to $135 billion by 2023, according to PwC, the global audit and consulting service and the Associated Chambers of Commerce and Industry of India.

Auditing 78

Auditing Currencies Startups eCommerce 78

PYMNTS

JULY 7, 2020

In her Facebook post, Ho said the audited portfolio stats “should be finalized over the next couple of weeks, and is unlikely to be very far from the above” that S$300 billion number. The decline this year is only about 4.2

Valuation 61

Valuation Auditing Currencies Investments 61

PYMNTS

JANUARY 25, 2019

In other news, Robinhood got the green light to trade seven digital currencies — such as bitcoin and litecoin, among others — in New York state, Reuters reported. In the months to come, the company plans to enable users to buy and sell — as well as store — digital currencies.

Securities 49

Securities Currencies Healthcare Auditing 49

The Charity CFO

JANUARY 25, 2022

And it’s a requirement for a nonprofit audit. Current assets are cash or assets you can reasonably expect to convert to currency within a year. And our expert accounting team will help you handle your trickiest tasks (like fund accounting and functional expense reporting) so that your books are always audit-ready!

Nonprofit 98

Nonprofit Auditing CFO Accounting 98

PYMNTS

DECEMBER 4, 2018

Ripple, the blockchain company that owns XRP, the digital currency, has joined forces with NEM, Fetch.AI, and EMURGO/Cardano to create a new association that represents the interest of blockchain and cryptocurrency business in Europe.

Auditing 83

Auditing Healthcare Transportation Currencies 83

Future CFO

MAY 26, 2022

A third red flag for Ng is tax audit issues. I sell services to you, what's the price, and then it (price) gets converted to the local currency plus tax and so on. If that there's a very big and costly team out there, something to look at," he suggested.

Mergers and Acquisitions (M&A) 98

Mergers and Acquisitions (M&A) Accounting Foreign Exchange Compliance 98

PYMNTS

OCTOBER 1, 2018

To that end, gold or, in this specific case, the activities of gold mining and marketing — the production and procurement of the yellow metal that has been coveted and used as currency for centuries — is also finding a niche via blockchain. The record is immutable and irrefutable at every step of the process, and fully auditable.

Currencies 73

Currencies B2B Manufacturing Compliance 73

CFO Talks

MARCH 14, 2024

CFOs can lead the way in exploring and implementing new technologies, such as blockchain for secure transactions or digital currencies for new payment ecosystems, positioning their companies at the forefront of industry innovation. Technology Audit: List current technologies and data analytics tools in use.

Prioritization 52

Prioritization CFO Leverage Risk Management 52

PYMNTS

DECEMBER 9, 2016

The report quipped that Coinbase users would likely happily pay a ransom to prevent the IRS from finding out their identities and thus auditing them. taxpayers who engaged in virtual currency transactions using the Coinbase platform from 2013 to 2015. According to a report by Reuters , which cited the U.S.

Auditing 80

Auditing Currencies 80

PYMNTS

APRIL 18, 2019

In fact, the audit committee of Deutsche Bank’s supervisory board warned that the lender possibly violated “legal, regulatory and other financial crime-related obligations.”. The total transaction volume of €175 million cleared for these “high-risk entities” in four currencies at current exchange rates, including $47.4 million of U.S.-related

Banking 62

Banking Auditing Currencies Securities 62

PYMNTS

MARCH 6, 2020

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. Libra’s Stumbles, Coronavirus Gains Show Pitfalls of a ‘Global’ Currency. UK Moves Closer to Big Four Accountancy Breakup.

Treasury 52

Treasury Auditing eCommerce Cash Management 52

PYMNTS

NOVEMBER 23, 2017

Digital currencies are growing in popularity but, in terms of replacing physical money, that isn’t going to happen anytime soon. While other countries are warning against cryptocurrency and initial coin offerings (ICOs), Japan has been embracing digital currency and has become a leader in the FinTech market. Russia, U.K.

Banking 40

Banking Currencies Construction Auditing 40

PYMNTS

AUGUST 13, 2018

Tether , the digital currency that is purported to be backed by U.S. But according to the Wall Street Journal, Tether has never shown any audit that backs up its claim that it has that cash in reserves. The WSJ noted that in 2017, Tether hired Friedman to audit the reserves. dollar fully.

Auditing 40

Auditing Compliance Currencies Banking 40

PYMNTS

NOVEMBER 18, 2018

Instead, these providers transfer and manage digital currencies. Some of the regulatory measures could be financial audits and internal controls, among others. As it stands, crypto wallet providers aren’t currently treated the same way as cryptocurrency exchanges as they do not engage in cryptocurrency trading.

Auditing 69

Auditing Manufacturing Currencies Securities 69

PYMNTS

NOVEMBER 21, 2017

According to a news report in Reuters, citing comments Draghi made to the European Parliament, he said that despite concerns, digital currencies do not pose a threat to the European Central Bank’s control over the money supply. “We The cancellation of that update prompted a steep sell-off in the digital currency, which didn’t last.

Currencies 40

Currencies Auditing Banking 40

PYMNTS

MARCH 15, 2019

The publication said Patriot National’s plans to acquire the SBA lending business of Hana Financial, announced last year, have hit a snag from the Office of the Comptroller of the Currency, which signed a formal agreement that sees the OCC requiring Patriot to make changes in board oversight and auditing processes.

Planning 55

Planning Auditing Currencies Banking 55

PYMNTS

JUNE 29, 2020

CertiK , an auditing firm, wants to bring Internet of Things (IoT) devices onto blockchain through its new partnership with Hdac , CoinDesk reports. Hdac’s blockchain platform will work to combine the tight authentication, seamless mapping and machine-to-machine transactions with a network containing IoT devices.

Securities 67

Securities Auditing Planning Marketing 67

Planful

JANUARY 19, 2016

Then we would key the numbers into a spreadsheet and perform the currency translations there. (I The financial close is an iterative process that typically requires many steps: Collecting financial results from multiple systems, divisions, subsidiaries – often with different charts of accounts, currencies, and business practices.

IFRS 40

IFRS GAAP Reconciliations Auditing 40

PYMNTS

DECEMBER 2, 2016

Ernst & Young clients will be able to settle auditing invoices and advisory services with the currency. It is important to us that everybody gets on board and prepares themselves for the revolution set to take place in the business world through blockchains, smart contracts and digital currencies.”.

Currencies 64

Currencies Startups Auditing Invoicing 64

PYMNTS

AUGUST 18, 2017

The AP Hub’s multi-entity offering splits headquarters and individual sub-entities’ preferences, allowing for the team at HQ to control the finance side and sub-entities to determine brand preferences, including the types of currencies used and workflow capabilities.

Accounts Payable 46

Accounts Payable Invoicing Compliance Auditing 46

PYMNTS

AUGUST 17, 2018

That doesn’t mean investors have ignored the FinTech side of the B2B market, though, with funding landing at eProcurement, auditing, alternative finance and other players. Cloud-based risk and auditing management provider AuditBoard raised $40 million in Series B funding, announced this week, led by Battery Ventures. AuditBoard.

Startups 40

Startups B2B Auditing Invoicing 40

PYMNTS

MARCH 12, 2018

Cooke doesn’t believe cryptocurrencies are the future of payments, however; instead he says digital offerings will supplant the promise and peril of bitcoin and its digital currency brethren. 86 percent | Percentage of companies around the world that experienced at least one cyberattack last year, according to Kroll research.

Compliance 40

Compliance Auditing Currencies Numbers 40

PYMNTS

JUNE 14, 2017

The ranking suggests Turkey is the most difficult market for companies to remain compliant , researchers explained, attributing its ranking to the demand that reporting is done in the Turkish language and the Turkish currency. There are also an “extremely high number” of tax rules. The third and final area is technology.

Compliance 58

Compliance Marketing Currencies Auditing 58

PYMNTS

SEPTEMBER 25, 2018

Enhanced data security and analytics are at the top of chief financial officers’ priority lists among both private and public companies, according to new data from auditing and advisory service provider Protiviti. For example, 72 percent of CFOs rated their prioritization of virtual currencies to be between levels one and three.

Prioritization 67

Prioritization Corporate Finance Education Finance 67

PYMNTS

JANUARY 16, 2017

In a world of cross-border transactions, geopolitical upheaval and currency volatility, corporates traditionally forge relationships with several banks. The relationship between bank and corporate customer is one that, for treasury managers, is a crucial one.

Treasury 41

Treasury Compliance Auditing Currencies 41

PYMNTS

JUNE 24, 2016

Employees record their expenses as they are incurred on the platform via receipt image capture technology; the platform assists in automating the expense categorization process, while transactions are entered in local currencies to reduce friction of conversion.

Auditing 40

Auditing Compliance Currencies Finance 40

Future CFO

OCTOBER 17, 2021

A September 2021 survey of 251 CFOs and other finance leaders revealed that 47% intend to assess digital currencies for business in 2022, said Gartner recently. Sentiment towards digital currencies appears to be improving among finance leaders,” said Alexander Bant, Chief of Research in the Gartner Finance practice.

Currencies 52

Currencies Finance Planning Auditing 52

PYMNTS

FEBRUARY 15, 2019

Those agencies include the aforementioned FinCEN, the Federal Reserve , the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA) and the Office of the Comptroller of the Currency (OCC). The unit ultimately wrote off $685 million.

Compliance 49

Compliance Auditing Treasury Banking 49