Audit

PwC Probe Uncovers $7.4B Steinhoff Accounting Fraud

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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Shell Companies Eyed In Fraud At Aegean Marine
Shell Companies Eyed In Fraud At Aegean Marine
November 02, 2018  |  B2B Payments

Payments fraud on the high seas, perhaps, as a global shipper may have been involved with fake transactions and shell companies. Elsewhere, ransomware gets a roadblock...

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BlackRock Throws Support Behind Controversial Financial Watchdog
BlackRock Throws Support Behind Controversial Financial Watchdog
October 09, 2018  |  B2B Payments

Amid calls to restructure or shutter the U.K.’s Financial Reporting Council, the world’s largest asset manager, BlackRock, is throwing its weight behind the watchdog. Get...

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