audits

Penalties Loom Large for Unclaimed Property Reporting Missteps
Penalties Loom Large for Unclaimed Property Reporting Missteps
November 06, 2024  |  Regulation

Tax season is officially over — even the Oct. 15 extension deadline has come and gone. But for banks and corporates, depending on the states...

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Revolut User Base Grows Alongside Auditor Warnings
Revolut User Base Grows Alongside Auditor Warnings
March 01, 2023  |  Digital Banking

All-in-one FinTech platform Revolut’s first full year of profit is now coming under question. This, as the company’s auditor BDO LLP warned that Revolut’s 2021...

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Binance Says Crypto ‘Learning Curve’ Is Preventing Audits
Binance Says Crypto ‘Learning Curve’ Is Preventing Audits
February 08, 2023  |  Cryptocurrency

A full audit of cryptocurrency giant Binance could be a long time coming. That’s according to Leon Foong, head of the world’s largest crypto exchange’s...

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Crypto Firms Put New Oversights in Place After FTX’s Downfall
Crypto Firms Put New Oversights in Place After FTX’s Downfall
December 05, 2022  |  Cryptocurrency

Cryptocurrency companies are establishing verification measures to reassure customers following the FTX implosion. Companies such as Binance and Crypto.com have hired outside auditors to provide...

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PPP Loans, Cash Crunches And Now, The Specter Of Public Shame
PPP Loans, Cash Crunches And Now, The Specter Of Public Shame
July 08, 2020  |  SMBs

And now: Stimulus funding as a tool for public shaming. Depending on how you look at it, the fact that roughly $130 billion is left...

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IRS Corporate Audits Drop 71 Pct, Individual Audits Fall 65 Pct
IRS Corporate Audits Drop 71 Pct, Individual Audits Fall 65 Pct
June 29, 2020  |  Taxes

The number of tax audits on corporations plunged amid the pandemic, with the IRS saying in the National Taxpayer Advocate’s “Objectives Report to Congress” report...

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Today In Payments: Economists Warn Recession Recovery Will Be Slow; Facebook Daily Active Users Surge 11 Pct YoY
Today In Payments: Economists Warn Recession Recovery Will Be Slow; Facebook Daily Active Users Surge...
April 30, 2020  |  News

In today’s top news, economists warn that the economic downturn isn’t finished yet, and Facebook reported better than expected earnings. Plus, the Federal Reserve is...

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UK MPs Urge Audit Legislation To Avoid High-Profile Collapses
UK MPs Urge Audit Legislation To Avoid High-Profile Collapses
November 04, 2019  |  B2B Payments

U.K. lawmakers are calling for new legislation that would ensure auditors and accountants are better able to identify and call out issues within their clients’...

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UK Tightens Accounting Standards As Corporate Collapses Continue
UK Tightens Accounting Standards As Corporate Collapses Continue
October 01, 2019  |  B2B Payments

More high-profile corporate collapses in the U.K. have led the Financial Reporting Council (FRC) to enact more stringent accounting standards, The Guardian reported on Monday...

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