When it comes to banking, compliance is king. That makes proper accounting and internal controls queen, at the very least. This, as the collapse of Silicon Valley Bank (SVB) last week and Signature Bank over the weekend, comes just a handful of days after big-four accountant KPMG LLP reportedly gave both...
Auditors working for crypto giant Binance say the company holds enough bitcoin as collateral. The auditing firm Mazars released the results of its look at Binance’s bitcoin reserve as crypto companies work to reassure customers and investors about their collateral following the collapse of the FTX exchange. “Our report is...
Unlocking the “single source of truth” for corporate finance leaders is a hot-button topic that is driving FinTech innovation (as well as venture capital interest) toward a more modern back office. But behind the buzzword is a complicated picture of how finances are managed and...
Rail haulage group Pacific National won’t be using its early payments provider C2FO in favor of a specialist audit program by June, according to a Monday (March 22) article in the Financial Review. The company will be working with Profectus, the specialist audit group, to...
November 07, 2019
The tax man looms across state and international borders, searching for digitally derived dollars due — scanning sites, platforms and even pop-up stores. For retailers and other firms, there’s the persistent lure of broadened reach into new markets. However, as has been the case in so much of eCommerce, venturing into new geographies means companies […]
March 30, 2023
Revolut’s response to an audit of its books has reportedly drawn criticism from its board. Earlier this month, the British FinTech had announced that an opinion by auditors “confirmed that ‘the financial statements give a true and fair view’” of its business. But as the Financial Times (FT) reported Thursday (March 30), the auditor had […]
December 07, 2022
Auditors working for crypto giant Binance say the company holds enough bitcoin as collateral. The auditing firm Mazars released the results of its look at Binance’s bitcoin reserve as crypto companies work to reassure...
July 19, 2020
Wirecard AG’s accounting firm said an independent report failed to account for half of the German payment company’s revenue and all its operating profit, the Financial Times (FT) reported. Ernst...
July 05, 2020
As details about the failed management of Wirecard AG unfold, it becomes clear that the company’s core business has been losing cash for years, the Financial Times reported. The German...
