auditing

US Accounting Giants Ready Themselves for New Quality Control Standards

US Accounting Giants Ready Themselves for New Quality Control Standards
US Accounting Giants Ready Themselves for New Quality Control Standards
September 10, 2024  |  Legal & Regulation

Where there is smoke, there tends to be fire. But where there exists the repeated appearance of deficiencies in the audit process of a business,...

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InScope Raises $4.3 Million to Expand Financial Reporting, Auditing Platform
InScope Raises $4.3 Million to Expand Financial Reporting, Auditing Platform
June 12, 2024  |  Investments

InScope officially launched and announced it raised $4.3 million to grow its platform designed to facilitate financial reporting and audits for private companies.  The platform...

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German Agency Criticizes EY’s Audits of Wirecard
German Agency Criticizes EY’s Audits of Wirecard
April 19, 2024  |  Cybersecurity

A German regulator has reportedly concluded that EY’s audit work and quality control regarding the now-defunct payments firm Wirecard was marked by “grave” and “repeated” violations...

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KMPG’s Auditing Scrutinized After Trio of Bank Failures
KMPG’s Auditing Scrutinized After Trio of Bank Failures
May 03, 2023  |  Banking

America’s biggest bank auditor is reportedly under fire after a trio of high-profile banking failures. KPMG, one of the “Big Four” accounting firms, was the...

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CFOs See Savings in Item-Level Data as Corporate Belt-Tightening Continues
CFOs See Savings in Item-Level Data as Corporate Belt-Tightening Continues
January 20, 2023  |  Spend Management

Non-payroll expenses are a drain on finance teams’ time and energy. Gathering, collecting and reconciling expenses are often laden with paper-based processes, chasing down receipts...

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SEC to Crypto Investors: Be Wary of ‘Proof of Reserves’
SEC to Crypto Investors: Be Wary of ‘Proof of Reserves’
December 22, 2022  |  Cryptocurrency

Crypto investors might not be getting a complete picture from cryptocurrency company audits. That’s according to the Securities and Exchange Commission (SEC), which is especially...

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Binance Crypto Exchange Faces Growing Industry Headwinds
Binance Crypto Exchange Faces Growing Industry Headwinds
December 16, 2022  |  Cryptocurrency

Efforts to restore public trust in the Binance crypto exchange are proving to be challenging. This, as ongoing industry headwinds continue to blow and new...

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Binance Auditor Pauses All Work Across Crypto Markets
Binance Auditor Pauses All Work Across Crypto Markets
December 16, 2022  |  Cryptocurrency

Accounting firm Mazars is putting its crypto markets practice on hold. The reversal comes just days after the firm faced pushback following its recent work...

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