Audit

Revolut Board Concerned About ‘Misstated’ Revenues
Revolut Board Concerned About ‘Misstated’ Revenues
March 30, 2023  |  Digital Banking

Revolut’s response to an audit of its books has reportedly drawn criticism from its board. Earlier this month, the British FinTech had announced that an...

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SVB and Signature Bank Passed KPMG Audits Days Before Collapses 
SVB and Signature Bank Passed KPMG Audits Days Before Collapses 
March 14, 2023  |  Digital-First Banking

When it comes to banking, compliance is king. That makes proper accounting and internal controls queen, at the very least. This, as the collapse of Silicon...

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Auditors Say Binance Has Proper Bitcoin Reserves
Auditors Say Binance Has Proper Bitcoin Reserves
December 07, 2022  |  Cryptocurrency

Auditors working for crypto giant Binance say the company holds enough bitcoin as collateral. The auditing firm Mazars released the results of its look at Binance’s bitcoin reserve...

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Unlocking Data To Usher Corporate Finance Into An Unsiloed Future
Unlocking Data To Usher Corporate Finance Into An Unsiloed Future
March 23, 2021  |  B2B Payments

Unlocking the “single source of truth” for corporate finance leaders is a hot-button topic that is driving FinTech innovation (as well as venture capital interest)...

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Pacific National Under Audit For Possible Double Payments
Pacific National Under Audit For Possible Double Payments
March 23, 2021  |  B2B Payments

Rail haulage group Pacific National won’t be using its early payments provider C2FO in favor of a specialist audit program by June, according to a...

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Wirecard Auditor Flagged KPMG Report, Saying It Needed ‘Context’
Wirecard Auditor Flagged KPMG Report, Saying It Needed ‘Context’
July 19, 2020  |  Security & Fraud

Wirecard AG’s accounting firm said an independent report failed to account for half of the German payment company’s  revenue and all its operating profit, the...

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Audit: Wirecard Payments, Issuing Businesses Have Been Bleeding Cash For Years
Audit: Wirecard Payments, Issuing Businesses Have Been Bleeding Cash For Years
July 05, 2020  |  Security & Fraud

As details about the failed management of Wirecard AG unfold, it becomes clear that the company’s core business has been losing cash for years, the...

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Wirecard Saga Reignites Debate Over Auditors’ Role In Combatting Fraud
Wirecard Saga Reignites Debate Over Auditors’ Role In Combatting Fraud
July 02, 2020  |  B2B Payments

As the fallout from Wirecard‘s $2 billion accounting scandal continues, some attention has turned to the Germany-based payment company’s auditor, Ernst & Young (EY). A...

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EY Accused Of Missing Alleged Wirecard Fraud
EY Accused Of Missing Alleged Wirecard Fraud
June 28, 2020  |  Security & Fraud

In the ongoing scandal of Wirecard, under fire for fraud, the focus is now turning to auditors Ernst & Young (EY), which reportedly failed to...

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