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 of professional duties. The regulator, Apas, said this in a review that was published Friday (April 19) and ended a multiyear...
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 auditor for Silicon Valley Bank (SVB), Signature Bank and First Republic Bank, all of which were taken over by federal...
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 detailing what employees paid, determining whether they adhered to company policy — and weeks or months after the fact, finding...
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 worried about “proof of reserves” statements, The Wall Street Journal (WSJ) reported Thursday (Dec. 21). “We’re warning investors to be...
January 20, 2023
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 detailing what employees paid, determining whether they adhered to company policy — and weeks or months after the fact, finding places where costs could have been controlled more efficiently. Michael […]
June 12, 2024
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 is designed to provide a solution for a process of putting together financial statements that is currently time-consuming and prone to errors, the company said in a Wednesday (June 12) post on LinkedIn. […]
April 19, 2024
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 of professional duties. The regulator, Apas,...
May 03, 2023
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 auditor for Silicon Valley Bank...
December 22, 2022
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 worried about “proof of reserves”...
