All-in-one FinTech platform Revolut’s first full year of profit is now coming under question. This, as the company’s auditor BDO LLP warned that Revolut’s 2021 revenues may have been “materially misstated” per a report Wednesday (March 1) by the Financial Times (FT). At the very...
A full audit of cryptocurrency giant Binance could be a long time coming. That’s according to Leon Foong, head of the world’s largest crypto exchange’s Asia-Pacific operations. He told Bloomberg News that while the company wants to hire an auditor, big accountants are still getting...
Cryptocurrency companies are establishing verification measures to reassure customers following the FTX implosion. Companies such as Binance and Crypto.com have hired outside auditors to provide proof of asset reports, which attest the business has proper assets to cover its liabilities, The Wall Street Journal (WSJ)...
And now: Stimulus funding as a tool for public shaming. Depending on how you look at it, the fact that roughly $130 billion is left under the Paycheck Protection Program (PPP) is a testament to either the program’s success or failure. Maybe the small- to...
November 06, 2024
Tax season is officially over — even the Oct. 15 extension deadline has come and gone. But for banks and corporates, depending on the states in which they are doing business, another reporting season stretches into November, where they must review records for unclaimed funds and tangible property — from uncashed checks, deposit accounts, CDs […]
July 08, 2020
And now: Stimulus funding as a tool for public shaming. Depending on how you look at it, the fact that roughly $130 billion is left under the Paycheck Protection Program...
May 16, 2018
If control is everything in data security, SOC 2 seeks to help service providers maintain and manage customer data in amid a series of “trust principles” – and maintain control...
March 01, 2023
All-in-one FinTech platform Revolut’s first full year of profit is now coming under question. This, as the company’s auditor BDO LLP warned that Revolut’s 2021 revenues may have been “materially misstated” per a report Wednesday (March 1) by the Financial Times (FT). At the very least, the company’s user base continues to grow — from […]
February 08, 2023
A full audit of cryptocurrency giant Binance could be a long time coming. That’s according to Leon Foong, head of the world’s largest crypto exchange’s Asia-Pacific operations. He told Bloomberg...
December 05, 2022
Cryptocurrency companies are establishing verification measures to reassure customers following the FTX implosion. Companies such as Binance and Crypto.com have hired outside auditors to provide proof of asset reports, which...
June 29, 2020
The number of tax audits on corporations plunged amid the pandemic, with the IRS saying in the National Taxpayer Advocate’s “Objectives Report to Congress” report for Fiscal Year 2021 that...
