Global Finance

JUNE 7, 2024

Goldman Sachs became the first Wall Street bank to comply with Saudi Arabia’s Regional Headquarters (RHQ) program and secure a license to establish its Middle Eastern base in Riyadh. Traditionally, most global firms have managed their operations in the region from offices in Dubai while maintaining smaller offices in Saudi Arabia.

Auditing 105

Auditing Education Banking Economics 105

Nerd's Eye View

JUNE 28, 2024

Also in industry news this week: How the SEC could target dually registered firms for enforcement of their duties to care for and manage conflicts of interest under Regulation Best Interest and the Investment Advisers Act to send a message to the industry and to clarify its expectations for these "dual-hatted" firms and their advisors Why a shift in (..)

Concentration 74

Concentration Prioritization Auditing Compliance 74

CFO Share

JULY 16, 2024

They collaborate with executives, investors, and the finance team to manage risk, choose investments, and collaborate on strategic decisions. They foster trust and secure funding by communicating the company’s financial health, investment opportunities, and risks. What Are the Key Responsibilities of a Controller?

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) CFO Compliance General Ledger 98

Future CFO

SEPTEMBER 3, 2024

The procurement service provider prioritises data security measures like encryption, secure data storage, regular audits, and proactive firewall management, ensuring peace of mind for their clients. "We

Invoicing 52

Invoicing Auditing Economics Securities 52

PYMNTS

MARCH 24, 2019

According to a report in The Financial Times , the revelations by current and former employees at the Bremen call center in Northern Germany raise more questions about how the airline protects data security less than a year after it suffered a major data breach. The employees at one of the airline’s largest call centers outside of the U.K.

Securities 58

Securities Auditing Investments Technology 58

PYMNTS

JUNE 26, 2020

That routine audit procedure could have uncovered the vast fraud at the suburban Munich company, the report said. The accountancy firm, which has audited Wirecard since 2010, has been thrust into the center of the scandal around $2.1 billion) in cash, the Financial Times reported. OCBC declined to comment, the paper reported.

Accounting 116

Accounting Auditing Accounting Firms Banking 116

CFO News Room

JANUARY 19, 2023

But questions remain about how secure and reliable it is when compared to traditional brokerages. It was founded in 2013 by two Stanford roommates, Baiju Bhatt and Vlad Tenev, who wanted to make investing simpler and more accessible to everyone. They also offer educational resources to help users learn the basics of investing.

Profit and Loss 130

Profit and Loss Securities Nonprofit Investments 130

CFO Leadership

OCTOBER 10, 2023

Using these AI tools in their current state in sensitive areas like finance and accounting raises security concerns. AI driven automation is expected to extend to more complex tasks such as, audits, risk management, and financial planning and analysis.

Accounting 95

Accounting Finance Auditing IFRS 95

PYMNTS

SEPTEMBER 15, 2016

Patent and Trademark Office for security risk detection technology. CyberArk said the technology has been implemented in the CyberArk Discovery and Audit (DNA) tool, which enables security professionals to quantify privileged account security-related risks and gain visibility into the attack surface that exists within enterprises.

Securities 68

Securities Technology Auditing Accounting 68

Future CFO

JULY 14, 2024

The lack of uniform controls across these applications can result in inconsistent, non-conforming access, time-intensive and error-prone monitoring, increased threats, fraud, and audit deficiencies. Vitasoy group director for internal audit and risk management Terence Chow commented that it's more than just financial data.

SAP 52

SAP Auditing CFO Finance 52

PYMNTS

MAY 1, 2020

Mnuchin: All PPP Loan Recipients Will Face Audits. Treasury Secretary Steven Mnuchin said per reports that firms that borrow money via the Paycheck Protection Program (PPP) can expect to be audited prior to forgiveness of the loans. The investment bank said it provided over $17.8 billion in relief. .

Auditing 57

Auditing Treasury Economics B2B 57

PYMNTS

OCTOBER 9, 2020

The big B2B investment of the week was Tipalti , which landed $150 million in new funding on a $2 billion valuation. Enterprise device security firm Eclypsium has notched $13 million in an oversubscribed funding round , which brings the overall funding of the firm to $25 million. PYMNTS rounds up the latest funding rounds below.

Compliance 107

Compliance Auditing Accounts Payable Valuation 107

Global Finance

JULY 24, 2024

Four days later, Canadian investment fund Brookfield Corporation agreed to evaluate a takeover bid for Grifols, with the intent to delist it. The Grifols founding family owns a stake of around 30%, according to the latest data from Spanish securities regulator CNMV. Auditing and M&A are among Srinivasan’s specialties. “I

CFO 52

CFO Corporate Finance Auditing Leadership 52

Future CFO

DECEMBER 6, 2023

While blockchain inherently provides security benefits, investing in additional cybersecurity measures is important. Safeguarding against potential threats and breaches ensures the integrity of sensitive data in an era where data security is paramount.

Finance 52

Finance Auditing Education Budgeting 52

VCFO

NOVEMBER 7, 2023

How Quality of Earnings Reports Impact Valuation Securing a Quality of Earnings (QoE) report is often a routine step in the due diligence process for acquisitions. It’s important to differentiate between having audited financial statements and a QoE report, as these are quite different reports.

Valuation 83

Valuation Auditing Concentration CFO 83

Nerd's Eye View

APRIL 14, 2023

Also in industry news this week: The Foundation For Financial Planning has gotten a boost toward its goal of connecting 10,000 CFP professionals with pro bono work thanks to increased funding from Orion Advisor Solutions FINRA has resubmitted a proposal, now with tighter rules, that would allow a broker working remotely to supervise other brokers, (..)

Auditing 69

Auditing Practice Management Leadership Securities 69

CFO Plans

OCTOBER 9, 2024

As a result, they were able to invest more in innovation, fueling further growth. To prevent these pitfalls, businesses should prioritize regular audits, stay informed about regulatory changes, and invest in scalable financial services to manage their financial operations efficiently.

Compliance 52

Compliance Tax Planning CFO Concentration 52

Nerd's Eye View

DECEMBER 30, 2022

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that the passage of “SECURE Act 2.0” Why it is important for advisory firms to conduct an audit of their tech stack and the steps they can take to conduct the exercise.

Auditing 77

Auditing Planning Leverage Investments 77

PYMNTS

APRIL 24, 2017

McGurk agreed, noting why the first lesson of information security — the first consideration before one gets to technology or process — is humility. You can’t get overconfident in information security,” he said. We have third parties and internal audits that are performed against various security processes each year.

Securities 46

Securities Compliance Concentration Auditing 46

PYMNTS

DECEMBER 18, 2020

and China over trade and security issues. Securities and Exchange Commission (SEC) in August. auditing standards by the end of next year, including opening up their audit records to U.S. auditing rules. The Chinese IPO boom comes amid heightened tensions between the U.S. China and the U.S.

Auditing 107

Auditing Valuation Treasury Marketing 107

CFO Leadership

OCTOBER 18, 2023

Using these AI tools in their current state in sensitive areas like finance and accounting raises security concerns. AI driven automation is expected to extend to more complex tasks such as, audits, risk management, and financial planning and analysis.

Accounting 52

Accounting Finance Auditing IFRS 52

Future CFO

NOVEMBER 21, 2023

It is observed that technology adoption may impact many traditional accounting and finance roles, including auditing and bookkeeping, potentially causing them to be phased out, as the automated processing capabilities offered by artificial intelligence , machine learning, and robotic process automation (RPA) gather pace.

Technology 52

Technology Finance Auditing Accounting 52

CFO Talks

OCTOBER 31, 2024

Rowen’s career in finance and leadership has positioned him as an influential figure, serving in executive roles across various sectors, including transportation, investment, and industrial management. Another memorable experience was working with KPMG’s internal audit team in Zimbabwe for three weeks.

CFO 52

CFO Leadership Communication Problem Solving 52

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. After all, people will always need financial services, whether investing their money , taking out loans, or managing their taxes. Financial advisors help people invest their money after learning about their financial goals.

Finance 130

Finance Budgeting Compliance Financial Analyst 130

Barry Ritholtz

AUGUST 22, 2022

The Sleuths Who Protect Crypto From Hackers Are Raking in Money : VC investment in crypto security firms has surged this year ‘We have spent sooooo much money on audits,’ Crypto CEO says. Axios ). • How the US Toppled the World’s Most Powerful Gold Trader : JPMorgan’s former gold boss was convicted last week. Bloomberg ). •

Auditing 120

Auditing Manufacturing Economics Investments 120

Future CFO

OCTOBER 25, 2023

Financial institutions are investing in building robust solutions that provide optimum security to their customers, and machine learning is a critical component of this process. In addition, machine learning tools can audit large amounts of financial data and identify malicious activity that may be indicative of money laundering.

Leverage 52

Leverage Auditing Finance Financial Data 52

PYMNTS

SEPTEMBER 29, 2020

The German payments company filed for bankruptcy protection in June and is already facing an investigation by APAS, the body that oversees auditing firms in Germany. An audit by KPMG , a global auditing firm, criticized Wirecard’s lack of transparency. EY was Wirecard’s auditor for more than a decade.

Auditing 75

Auditing Accounting Firms Accounting Sales 75

PYMNTS

NOVEMBER 29, 2018

When it comes to investing, the movie business is unique in that financiers can often be left out, even when their pockets are wide open, Woodrow explained. For MovieCoin, it comes in the form of the MovieCoin Smart Fund (MSF) Token, used for investors to buy into the MovieCoin Smart Fund, which will invest in multiple film projects per year.

Auditing 54

Auditing Entertainment B2B Finance 54

PYMNTS

AUGUST 7, 2019

The former chairman of the Australian Securities and Investments Commission has warned of Enron-style corporate collapses thanks to failings of the nation’s auditing industry, according to ABC.net news reports this week. Often, there is a conflict between the consulting business and the audit business of the big four firms.”.

Auditing 51

Auditing Investments Planning Financial Reporting 51

Future CFO

JUNE 26, 2023

The increased number of sophisticated attacks in the region gives real cause for concern, as seen in the case of the popular 3CX phone service application which was turned into a trojan as part of a supply attack, said Vivek Gullapalli, Chief Information Security Officer, APAC, Check Point Software Technologies. A new generation of users.

Leadership 52

Leadership Manufacturing Education Securities 52

CFO Talks

MARCH 20, 2024

Example: When it’s time for an audit, the Controller is hands-on, working directly with the auditors, showing them the books, and explaining the details. The CFO, on the other hand, talks strategy with the audit partner and handles any big issues that pop up.

CFO 52

CFO Accounts Payable Financial Analysis Auditing 52

PYMNTS

DECEMBER 11, 2020

It was a busy week for B2B venture capitalists who spread their wealth amongst a wide range of B2B FinTechs, with investments totaling more than $164 million. The company supports the full purchasing cycle with invoice integration and compliance auditing capabilities. Modularbank. the company said.

B2B 77

B2B eCommerce Banking Healthcare 77

Global Finance

JUNE 14, 2024

While only some institutions have made early investments, going AI-first is an imperative for growth and efficiency. A value-based approach can leverage the existing power of digital and cloud to evolve quickly with complete transparency and auditability. This strengthens financial institutions’ resiliency and security.

Leverage 93

Leverage Risk Management Concentration Compliance 93

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

OCTOBER 20, 2017

“Big banks and financial services firms were the first corporate players to make direct blockchain investments en masse — unsurprising, given how bitcoin’s underlying technology lends itself (both technically and in popular thought) to financial services,” said CB Insights in a report.

B2B 84

B2B Auditing Currencies Startups 84

PYMNTS

JUNE 22, 2020

The Securities and Exchange Commission has filed a lawsuit to freeze the assets of two brothers allegedly engaged in “an offering fraud” and in misappropriating investor funds. percent on its investments in the last two quarters of 2019 when it lost money during that time, the SEC alleged. The complaint was filed in the U.S.

Auditing 70

Auditing Securities Investments Numbers 70

PYMNTS

DECEMBER 11, 2019

“One must always keep in mind that paying extortionists is a short-term solution which only encourages criminals and keeps them funded to quite possibly repeat the same acts,” said Fedor Sinitsyn, a security researcher at Kaspersky. “In This inevitably results in costs that are in addition to the ransom requested.”.

Auditing 52

Auditing Budgeting Securities Numbers 52