To provide immediate cash flow for small- to medium-sized businesses (SMBs), the American Institute of CPAs (AICPA) is asking for the Federal Reserve to make a short-term accounts receivable (AR) lending facility that is federally backed, according to an announcement. The proposal by the association...
The Association of Financial Professionals released new data this week that revealed the threat of payments fraud continues to climb, particularly for large enterprises, as scams like ACH fraud and the Business Email Compromise climb to record levels. But the latest analysis of U.S. chief...
Small business (SMB) adoption of technology can be a process filled with growing pains and friction points, thanks to the cost and disruption associated with integrating a new technology. Those challenges have made SMBs notoriously technology-adverse, though it may be an unfair characterization, particularly considering...
The American Institute of CPAs (AICPA) has asked the Internal Revenue Service (IRS) to exclude some small businesses (SMBs) from being treated as tax shelters. In a letter sent to the IRS last week, AICPA Tax Executive Committee Chair Annette Nellen explained that while the Tax...
May 16, 2018
If control is everything in data security, SOC 2 seeks to help service providers maintain and manage customer data in amid a series of “trust principles” – and maintain control in the process. Flywire CISO Barbara Cousins tells Karen Webster that the value of SOC 2 lies in the extra steps firms must take to ensure control procedures are as robust as possible.
