corporate accounting

UK Accounting Giants Reserve $212M For Possible Fines
UK Accounting Giants Reserve $212M For Possible Fines
December 27, 2019  |  B2B Payments

The U.K.’s so-called Big Four accounting giants — PwC, Deloitte, KPMG and EY — have reportedly set aside more than $212 million in preparation for...

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IASB Proposes Corporate Accounting Changes
IASB Proposes Corporate Accounting Changes
December 17, 2019  |  B2B Payments

Corporate accounting standards are headed for more changes after the International Accounting Standards Board (IASB) proposed changes to how businesses report operating profit, the Financial...

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Wirecard Expands KMPG Audit To Clear Fraud Allegations
Wirecard Expands KMPG Audit To Clear Fraud Allegations
November 06, 2019  |  B2B Payments

Wirecard is having auditing giant KPMG expand the scope of its review of Wirecard financials as the company continues to defend against allegations of fraud....

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UK MPs Urge Audit Legislation To Avoid High-Profile Collapses
UK MPs Urge Audit Legislation To Avoid High-Profile Collapses
November 04, 2019  |  B2B Payments

U.K. lawmakers are calling for new legislation that would ensure auditors and accountants are better able to identify and call out issues within their clients’...

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Firms Offered More Time To Adopt New Accounting Standards
Firms Offered More Time To Adopt New Accounting Standards
October 18, 2019  |  B2B Payments

The Financial Accounting Standards Board (FASB), which establishes accounting standards in the U.S., is offering corporates more time to adopt some revised standards, The Wall...

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UK Tightens Accounting Standards As Corporate Collapses Continue
UK Tightens Accounting Standards As Corporate Collapses Continue
October 01, 2019  |  B2B Payments

More high-profile corporate collapses in the U.K. have led the Financial Reporting Council (FRC) to enact more stringent accounting standards, The Guardian reported on Monday...

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India Gives NBFCs Two Years To Adopt New Accounting Standards
India Gives NBFCs Two Years To Adopt New Accounting Standards
September 26, 2019  |  B2B Payments

The Securities and Exchange Board of India will reportedly give non-bank financial companies (NBFCs) two years to adopt and implement changes to accounting standards, the...

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FinTech Targets The Cash Flow Needs Of CPAs
FinTech Targets The Cash Flow Needs Of CPAs
August 27, 2019  |  B2B Payments

The Certified Public Accountant (CPA) today now has a plethora of FinTech solutions they can use to manage their clients’ money, with the number of...

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Auditors Ready To Drop Riskiest Corporate Clients
Auditors Ready To Drop Riskiest Corporate Clients
August 08, 2019  |  B2B Payments

As pressure continues to mount on the so-called Big Four corporate auditors in both Australia and the U.K., the Financial Times reports that the conglomerates...

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