Going Concern

DECEMBER 1, 2023

How Deloitte gave AR postcards the personal touch [ The Drum ] Deloitte has won the Print category at The Drum Awards for B2B. One of the critical attributes required of an accounting firm that desires to perform audits of a business’s financial statements is INDEPENDENCE. And at 8.5%, even fewer are Black.

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CTP

JULY 16, 2024

If the client presented you with erroneous financial statements that you used to create a plan, the “facts” you established at the beginning will show that this data was the responsibility of the client.

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PYMNTS

MAY 5, 2020

The actions will speed up the offering process for firms that are eligible by offering relief from specific procedures when it comes to the timing of an offering and needed financial statements, according to a press release from the agency. “In

financial statements 52

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PYMNTS

FEBRUARY 20, 2020

Simply said that one of its small business customers provided permission for the lender to access its banking data, which enabled Simply to connect directly with digital financial statements for enhanced underwriting and an accelerated process.

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PYMNTS

AUGUST 16, 2020

will help to make more reliable financial statements, the company says. All of it, the press release says, will help to cut down on the time spent navigating and generating reports. Ultimately, the increased speed and efficiency of the processes of Cadency 9.0

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PYMNTS

APRIL 10, 2020

Today’s chief financial officer is headed in a strategic direction, says Trintech President Darren Heffernan, “but the bread and butter is you still have to produce accurate and timely financial statements.”.

Technology 87

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PYMNTS

JUNE 23, 2016

The most urgent challenge facing SMBs, said Bohlke, remains funding and among the most important presentations to be given over to a would-be lender includes the pro forma financial statement, which, in an instant, can lay bare whether a startup’s assumptions are realistic or fanciful.

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PYMNTS

OCTOBER 7, 2016

.” Financial institutions today are also struggling to connect the dots between all of the ways they use data analytics to mitigate risk and add value to their lending operations, added Horrocks. He offered the example of banks using analysis of financial statements to assess risk in the loan origination process.

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PYMNTS

OCTOBER 11, 2018

Corporates are gearing up to manage a whole slew of accounting standards changes in the coming years, but one of the more immediate effects involves how leases are recorded on financial statements. According to reports, public companies currently hold an estimated $3.3 trillion in leases.

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PYMNTS

JANUARY 28, 2020

Supply chain financing allowed Telstra to shift $591 million in unpaid bills from the “trade payables” line in its 2018-2019 financial statements to “other payables” — $551 million more than the previous fiscal year.

Finance 52

Finance financial statements Technology B2B 52

Withum

APRIL 25, 2023

B2B customers ask the customer service department for greenhouse gas (GHG) metrics and emission targets. Prepare for SEC Climate Reporting The SEC will soon require registrants to disclose certain climate-related information, including GHG emissions metrics and climate-related risks that have a material impact on the financial statements.

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PYMNTS

APRIL 29, 2019

million after filing false financial statements and lying to auditors. As a result, the auditor was unable to sign off on Celadon’s previous financial statements. Indianapolis-based freight trucking company Celadon Group has agreed to pay its investors $42.2

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PYMNTS

JUNE 11, 2020

Firms must trust that these professionals are offering the highest quality, most reliable financial opinions, doing their work in the right way. Shareholders must trust financial statements coming out of an organization, too.

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Snyder

OCTOBER 28, 2022

Invoices are an integral part of any business that directly affects its cash flow and financial health. Failing to do it can result in accounting jeopardy and, consequently, inaccurate financial statements, headaches reconciling your books with the bank, and making wrong business decisions based on incorrect data.

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PYMNTS

APRIL 19, 2019

Lenderfit provides a Personal Financial Statement that allows lenders to create an FAQ-type direction for each item of an application, which can be particularly useful for first-time borrowers.

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PYMNTS

OCTOBER 25, 2019

financings) in the calculation of financial ratios and for purposes of determining compliance with financial covenants,” the Big Four firms said in the letter, per the report. . “Trade payables classification tends to be treated more favorably than borrowings (i.e.,

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PYMNTS

AUGUST 21, 2018

“Ethical standards are critical in supporting the confidence that third-party users can reasonably have in financial statements in circumstances where, of necessity, they only have incomplete information to judge whether the auditor is, in fact, objective,” said FRC Interim Executive Council Claudia Mortimore in a statement.

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ThomsonReuters

APRIL 6, 2023

If your company is paying an invoice to another company (such as in B2B), it will be noted in accounts payable. To streamline these processes and much more, consider Accounting CS , a professional accounting software for accountants that combines write-up, trial balance, payroll, financial statement analysis, and more.

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PYMNTS

MAY 3, 2019

The publication reported Thursday (May 2) that the International Financial Reporting Standards will apply to organizations across 140 countries, shifting the way businesses account for their leases in financial statements.

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PYMNTS

OCTOBER 9, 2018

However, the changes are intended to streamline corporates’ view of their financials, experts said. According to Calcbench Co-founder and CEO Pranav Ghai, changes to how companies report leasing costs “will provide a level of visibility into financial statements that previously didn’t exist.”

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PYMNTS

MARCH 6, 2019

As Calcbench Co-Founder and CEO Pranav Ghai said of the standard changes late last year, the initiative “will provide a level of visibility into financial statements that previously didn’t exist.”

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PYMNTS

MARCH 19, 2020

Rana said this connectivity is key for financial reporting and tax filing. “Lack of integration can mean a major gap in financial statements, and, as a result, impacts tax returns,” he noted. ” A Waterfall Effect.

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PYMNTS

SEPTEMBER 26, 2019

The standards changes will impact financial figures, presentation and disclosure, as well as various financial ratios including NPA and current ratios.

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PYMNTS

JANUARY 25, 2019

. “The returns usually aren’t there to spend a lot of time and money performing deep dives on smaller companies, but using Moody’s Analytics RiskCalc Small Business solution to adjudicate credit finally makes these smaller-ticket loans feasible for us,” said CapX Partner Eric Starr in a statement.

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PYMNTS

JANUARY 2, 2020

In too many cases the auditors of listed entities appear open to a ‘why disclose’ approach, rather than ensuring the financial statements present a ‘true and fair’ picture of an entity’s financial performance and position,” he wrote. “As

auditor 52

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PYMNTS

JULY 6, 2018

The regulator found that most of the businesses that are likely to be significantly impacted by the rule changes “had not quantified the impact of these standards” in their financial statements, reports noted. Further, the ASIC said this may “indicate a lack of preparedness for reporting under the new standards.”.

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PYMNTS

OCTOBER 14, 2019

King, who has been with EY for 17 years and oversees 20,000 employees, explained that the company’s current top priorities “is expanding beyond the traditional financial statement audit,” which includes services such as assurance for blockchain , cybersecurity, and sustainability.

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PYMNTS

AUGUST 7, 2019

Businesses offering electronic money services must provide Lithuanian authorities with audited annual financial statements, reports explained. Reports noted that the central bank sent reminders and warnings to the company to provide the financial information. The company’s deadline to do so was the beginning of April.

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PYMNTS

MARCH 1, 2018

The package must include the laundry list of financial records lenders want to review: balance sheets and financial statements, bank statements, tax returns, accounts payable and receivable and details about the vendors on those lists, as well as details about outstanding loans and tax returns.

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PYMNTS

APRIL 18, 2018

Criticism of the FRC hit a peak following the global financial crisis and taxpayer bailouts of top banks in the U.K., despite accountants green-lighting their financial statements, reports said; adding that since, the FRC has faced additional criticism for its lag time when intervening in matters.

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PYMNTS

MAY 3, 2019

Separately, Celadon Group , a freight trucking firm, said it will pay more than $42 million to settle fraud claims that were tied to allegations of false financial statements. The same was true of 19 percent of email[s] sent to business partners,” said the company.

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PYMNTS

OCTOBER 2, 2017

“They’re booking journal entries and making adjustments to them, and the whole team is working in siloes when they need to be working together to produce an accurate financial statement.”. One accountant may be working with revenue teams, while another is working with billing and invoicing.

accounting and finance 43

accounting and finance Technology Finance Maine 43

PYMNTS

NOVEMBER 28, 2017

According to Kurt Rathmann, CEO and founder of SMB accounting firm ScaleFactor , the month-end close may be the traditional way of doing things, but it forces small business owners to examine data that, by the time a financial report is completed, is too old to be of much use. “The news is about 30 days old at best.”

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PYMNTS

SEPTEMBER 12, 2018

“We can better understand their business at the core, than if we were only looking at a little part of their financial statement.” . “It’s how they interact with the rest of the market, with their employees, with other FIs,” Caicedo explained.

Finance 40

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PYMNTS

OCTOBER 1, 2019

In a statement, the FRC’s Chief Executive Stephen Haddrill said, “High-quality audit protects the public interest, meets the needs of users of financial statements and underpins investor confidence. Recent corporate failures have, for good reason, adversely affected that confidence.”

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accounting standards auditor Account accounted 51

Snyder

NOVEMBER 2, 2022

So today, Stripe can help various companies process their financial transactions, including e-commerce, online/offline retail, B2B/B2C platforms and marketplaces, SaaS, non-profits, etc. First, it impacts the accuracy of financial statements, and consequently, financial forecasting, planning, and other important business decisions.

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PYMNTS

SEPTEMBER 20, 2017

The tool integrates bookkeeping and management of financial statements, as well as both personal and corporate tax returns, the company added, and acts as a platform to facilitate collaboration between accountants, bookkeepers, business owners and other service providers.

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