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...
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...
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 25, 2026
Stablecoin issuer Tether says it has engaged a “Big Four” accounting firm for its inaugural audit. The company’s “first full independent financial statement audit” is “slated to be the biggest ever inaugural audit in the history of financial markets,” Tether said in a Tuesday (March 25) news release. Tether’s USDT coin has a market capitalization of a little […]
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...
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...