PYMNTS

JUNE 26, 2020

Ernst & Young ( EY ), the global accounting firm hired to verify Wirecard’s financials, failed to request crucial information from a Singapore bank where the German payment processor claimed it had up to 1 billion euros ($1.1 billion) in cash, the Financial Times reported. FREP declined to comment.

Accounting 116

Accounting Auditing Accounting Firms Banking 116

PYMNTS

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

Financial Reporting Accounting Benchmarking Forecasting 45

PYMNTS

JUNE 29, 2020

As the fallout from Wirecard ’s troubles unfold, Germany’s deputy finance minister has called for radical solutions to fix how accounting firms are regulated, the Financial Times reported. We have reached an agreement with the Finance Ministry to terminate the contract,” a Justice Ministry official told Reuters.

Accounting 88

Accounting Accounting Firms Auditing Finance 88

Bramasol

MAY 13, 2024

Its primary role is to oversee and regulate the auditing of public companies to protect investors' interests and ensure the integrity of financial reporting. Inspections: It conducts regular inspections of registered public accounting firms to assess compliance with PCAOB standards and applicable laws and regulations.

Auditing 84

Auditing Compliance SAP Accounting Standards 84

PYMNTS

MARCH 1, 2020

The Financial Reporting Council (FRC), the U.K.’s s audit regulator, announced plans this week to break up the dominance of the largest four accounting firms, Deloitte, EY, KPMG and PwC , according to the Financial Times. The regulator issued letters to those firms, known as the Big Four, Thursday.

Accounting 92

Accounting Auditing Financial Reporting Accounting Firms 92

PYMNTS

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

Auditing Accounting Firms Financial Reporting Accounting 66

CFO News Room

DECEMBER 16, 2022

Financial managers are responsible for developing long-term financial plans, directing investment activities, and generating financial reports for their company. They may work in various industries, such as investment firms, accounting firms, banks, or the government. Financial Reporting Skills.

Finance 130

Finance Budgeting Financial Analyst Compliance 130

PYMNTS

SEPTEMBER 24, 2018

For many, the mistakes were discovered when corporate finance teams were changing accounting paperwork to comply with the new U.S. tax law and revenue accounting rules. Camping World Holdings, for example, had to file a restatement after it incorrectly recorded a deferred tax asset related to its acquisition of a 41.7

Numbers 68

Numbers Accounting Accounting Principles Corporate Finance 68

CFO News

MARCH 25, 2025

Accounting firm PwC has been fined 4.5 million USD) by Britain's Financial Reporting Council (FRC). The fine relates to PwC's audit of Wyelands Bank's financial records for the year 2019. million (approximately $5.8 The FRC announced the sanction in a statement released on Tuesday.

Auditing 40

Auditing Accounting Firms Financial Reporting Accounting 40

PYMNTS

DECEMBER 9, 2020

What about the strain on IT and accounting? The company said in the filing that it had identified a “material weakness in our internal control over financial reporting,” which may give investors pause. As a result, in connection with the audit of our consolidated financial statements as of and for the years [that] ended Dec.

Valuation 76

Valuation Auditing Financial Reporting Accounting Firms 76

The Charity CFO

JULY 1, 2024

Nonprofit Accounting Expertise and Experience Nonprofit accounting isn’t the same as for-profit business accounting. Your organization needs a nonprofit accountant who understands the differences and has experience in nonprofit accounting. Do You Struggle to Make Sense of Your Financial Statements?

Nonprofit 52

Nonprofit Accounting Budgeting Accounting Firms 52

PYMNTS

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

PYMNTS

JUNE 29, 2020

In today’s top news, Germany’s deputy finance minister wants to restructure accounting firm regulations, and consumers are turning away from travel rewards cards. FDIC) is looking to modernize bank reporting. Wirecard Forces ‘Radical’ Reboot Of German Accounting Regs. Plus, the Federal Deposit Insurance Corp.

Accounting 56

Accounting Restructuring Accounting Firms Banking 56

The Charity CFO

APRIL 2, 2024

It’s important to do your due diligence when looking for an accounting partner. Nonprofit accounting has several major differences from for-profit accounting. An accounting firm that specializes in nonprofit accounting knows the legal and tax limitations of a nonprofit organization. Contact us today !

Nonprofit 52

Nonprofit Accounting Accounting Firms Communication 52

PYMNTS

JULY 5, 2017

.” Some experts are worried a similar trend can be seen within the financial functions of the enterprise itself, with automated accounting and forecasting capabilities now offered quicker and more accurately via robots than humans. The nature of financial reporting is to communicate facts aggregated using accounting rules.

Financial Data 52

Financial Data Financial Reporting Auditing CFO 52

PYMNTS

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. All of the U.K.’s

Auditing 49

Auditing Accounting Financial Reporting Accounting Firms 49

BlueLight

MAY 1, 2020

Traditionally, the chief financial officer (CFO) is responsible for tracking the company’s past and present financial situation and ensuring on-time and accurate financial reporting. This function is called financial planning and analysis (FP&A). The first step is getting good financial reporting.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) CFO Strategic Planning Startups 52

PYMNTS

JANUARY 9, 2019

“The healthy economy brings a need for companies to know where their business is thriving financially (or not), to help make decisions for the future.”. “Bookkeeping is the low-value work performed by accounting firms,” he said. “It’s manual-intensive, error-prone, and hard to hire and train for.”

Accounting 71

Accounting Corporate Finance Accounting Firms Financial Data 71

CFO Talks

OCTOBER 10, 2024

Cross-Reference with Accounting Weekly Interestingly, this trend aligns with a broader shift in the financial services industry. This is similar to the way fractional CFOs allow businesses to scale without taking on full-time overhead, reflecting a broader move toward flexibility in financial leadership models.

Leadership 98

Leadership CFO Communication Financial Reporting 98

CFO Plans

JULY 12, 2024

By integrating with other business accounting solutions, manufacturers can gain a holistic view of their financial health, leading to more strategic decision-making and improved financial performance. Improving Financial Reporting Financial reporting is a cornerstone of effective financial management services.

Manufacturing 52

Manufacturing CFO Accounting Financial Reporting 52

PYMNTS

JULY 2, 2020

A spreadsheet shared with 10 staffers in 2017 displayed just 107,000 customers, the report said. As the scandal unfolded, Germany’s deputy finance minister has called for radical solutions to fix how accounting firms are regulated.

Accounting Firms 56

Accounting Firms Accounting Finance Financial Reporting 56

The Charity CFO

JANUARY 17, 2022

Your core financial reports, which we’ll look at below, exist to answer this one simple question– how much value has your organization created ? Don't hire the wrong accountant for your nonprofit! Accounts Payable. Accounts payable is an account containing any outstanding bills or invoices that you haven’t yet paid.

Nonprofit 98

Nonprofit Accounting Profit and Loss Accounts Payable 98

CFO Plans

SEPTEMBER 24, 2024

Virtual accounting services for startups provide a cost-effective solution, offering the same level of expertise as traditional accounting firms but with greater flexibility. These services can help you keep track of expenses, manage payroll, and ensure accurate financial reporting, all while keeping costs down.

Tax Planning 52

Tax Planning Accounting Planning Budgeting 52

PYMNTS

MAY 21, 2018

M&G chief executive Anne Richards, HM Treasury non-executive director and deputy chair of Kinnevik Amelia Fawcett, and former audit partner at PwC and former chair of the Accounting Standard Board Mary Keegan are all on the panel. We have no faith in this whitewash.”.

Accounting 40

Accounting Auditing Treasury Accounting Standards 40

PYMNTS

MAY 4, 2020

Accounting firms have become an important collaborator in aiding cloud migrations by small to medium-sized businesses (SMBs), according to Alan Chang, managing director of Singapore Corporate Services (SCS). ” Easing SMB Globalization.

eCommerce 67

eCommerce Accounting Accounting Firms B2B 67

CFO Network

FEBRUARY 21, 2024

Access to Top-Tier Expertise One of the most surprising advantages of outsourced accounting is gaining access to top-tier expertise. When you partner with a reputable accounting firm, you tap into a wealth of knowledge and experience. This flexibility can significantly impact your bottom line by eliminating unnecessary expenses.

Accounting 52

Accounting Compliance Concentration Accounting Firms 52

The Charity CFO

APRIL 26, 2024

You want to know your accountant can help you figure out what needs to be done to stay in compliance as a nonprofit. How Do You Approach Financial Reporting for Nonprofits? Accurate financial reporting is essential to a nonprofit’s success. Do You Struggle to Make Sense of Your Financial Statements?

Nonprofit 52

Nonprofit Accounting Profit and Loss Communication 52

The Charity CFO

JANUARY 21, 2022

When you set up funds in your chart of accounts, they’ll show on your financial statements as well. So let’s take a look at where you’ll see restricted funds on your financial reports: Statement of Activities. Unlike most accounting firms, we work exclusively with nonprofit organizations like yours.

Nonprofit 98

Nonprofit Accounting GAAP Accounting Principles 98

PYMNTS

NOVEMBER 13, 2018

Reports in Reuters on Sunday (November 11) said the U.K. Parliament will commence an inquiry into the nation’s corporate auditing market, which is currently dominated by the Big Four accounting firms Deloitte, PwC, EY and KPMG, adding new pressure on an industry already being probed by other policymakers.

Auditing 49

Auditing Marketing Construction Accounting Firms 49

PYMNTS

AUGUST 5, 2019

Australia’s four biggest banks, along with large accounting firms, have joined forces to defend the use of independent audit firms as consultants. That news led to a Senate vote for the Parliamentary Joint Committee on Corporations and Financial Services to investigate conflicts of interest in auditing firms.

Auditing 43

Auditing Banking Accounting Firms Risk Management 43

The Charity CFO

JULY 12, 2024

Improved Financial Transparency Accrual accounting provides stakeholders with a detailed view of your organization’s financial activities, improving trust and confidence. Transparent financial reporting can also improve donor relations. Get in touch today to see how we can help you transition accounting systems!

Nonprofit 52

Nonprofit Accounting Budgeting GAAP 52

PYMNTS

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.

Accounting 49

Accounting Auditing Accounting Firms Financial Reporting 49

The Charity CFO

MAY 31, 2024

The Importance of Efficient and Accurate Bookkeeping Just like for-profit businesses, nonprofit organizations need to have an efficient and accurate accounting system. Learn More About Nonprofit Accounting Technology Diving into the world of nonprofit accounting software can feel like information overload. Get the free guide!

Nonprofit 52

Nonprofit Technology Auditing Profit and Loss 52

The Charity CFO

MARCH 28, 2024

Working with a professional accounting firm specializing in nonprofit accounting is a great way to fix your accounting system and save time. Nonprofit accounting firms have specialized knowledge related to financial management for nonprofits. Need help fixing your accounting issues?

Nonprofit 52

Nonprofit Accounting Budgeting Compliance 52

Future CFO

SEPTEMBER 7, 2022

The study identified additional skills required for preparers of financial reporting and assurance service providers. Examples of preparers of financial reporting include CFOs , finance managers, and internal auditors, ISCA said. .

Finance 52

Finance Auditing Corporate Finance Accounting 52

The Charity CFO

SEPTEMBER 17, 2024

Luckily, you can handle unexpected departures using these strategies: Cross-train other staff members in key accounting functions, such as accurate transaction recording. Maintain a relationship with external accounting firms who can step in to bridge the gap while you look for a new accountant. Get the free guide!

Nonprofit 52

Nonprofit Planning CFO Leadership 52

The Charity CFO

MAY 19, 2023

When strategically implemented as a part of an organization’s financial strategy and other fundamental financial requirements, cash management helps to support a holistic picture of the health and prosperity of an organization and their future abilities to maintain their mission.

Cash Management 52

Cash Management Nonprofit Compliance Budgeting 52