Audit

Chinese Firms Missing $6B In Cash
Chinese Firms Missing $6B In Cash
May 20, 2019  |  B2B Payments

Regulators are taking action after more than $6 billion in cash has disappeared from the books of two Chinese companies, according to Nasdaq reports on...

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Alexa Team Might Be Able To Find A User’s Home Address
Alexa Team Might Be Able To Find A User’s Home Address
April 25, 2019  |  Alexa

A new report has revealed that an Amazon team auditing Alexa commands might be able to find a customer’s home address in a matter of...

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AppZen Taps AI To Catch Invoice Payment, Contract Errors
AppZen Taps AI To Catch Invoice Payment, Contract Errors
March 28, 2019  |  B2B Payments

Automated expense report auditing company AppZen is introducing a new spend auditing platform to analyze supplier invoices using artificial intelligence (AI). Reports in HR Technologist...

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PwC Probe Uncovers $7.4B Steinhoff Accounting Fraud
PwC Probe Uncovers $7.4B Steinhoff Accounting Fraud
March 18, 2019  |  B2B Payments

According to Reuters, in what the publication described as the largest corporate scandal in South Africa, corporate auditing firm PwC has uncovered a $7.4 billion accounting...

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Adjoint CEO On Why Treasury Management Needs Blockchain
Adjoint CEO On Why Treasury Management Needs Blockchain
March 06, 2019  |  B2B Payments

Blockchain is gaining traction beyond the crypto realm, and is increasingly applied to secure and organize data. Adjoint CEO Havell Rodrigues tells PYMNTS why treasury...

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Ghosts Of Payments Fraud Past: Enron CEO Skilling Freed From Custody
Ghosts Of Payments Fraud Past: Enron CEO Skilling Freed From Custody
March 01, 2019  |  B2B Payments

Enron may be hazy in the minds of some, but former CEO Jeffrey Skilling's release from jail and federal custody shows that payments fraud is...

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Yes Bank’s Statement On RBI’s Audit May Have Mislead
Yes Bank’s Statement On RBI’s Audit May Have Mislead
February 18, 2019  |  Bank Regulation

Yes Bank is facing criticism by the Reserve Bank of India, which contends disclosures from an audit report were released in an effort to mislead the...

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Patisserie Valerie Saga Finds Fake Invoices
Patisserie Valerie Saga Finds Fake Invoices
February 01, 2019  |  B2B Payments

Ongoing investigations into the £40 million (nearly $52.4 million USD) fraud that felled Patisserie Valerie have found that fake invoices were involved. Elsewhere in the...

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USA Tech Admits To Releasing Premature Revenues
USA Tech Admits To Releasing Premature Revenues
January 15, 2019  |  Investments

USA Technologies issued an open letter on Monday (January 14) to shareholders, admitting that the company “had prematurely or inappropriately recognized revenue” in 2017 and...

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