FloQast

SEPTEMBER 4, 2024

For The Joint Chiropractic (NASDAQ: JYNT), 2021 marked a pivotal year as they embarked on a journey to enhance their accounting operations by integrating FloQast into their processes. Enhanced Efficiency: The Joint Chiropractic reported a 13% reduction in their internal audit budget.

Compliance 89

Compliance Automation Accounts Audit 89

FloQast

SEPTEMBER 10, 2024

From the highest levels to the deepest valleys of hallucination , Gen AI’s potential, and its drawbacks, and, most relevantly here: How we see it impacting the accounting profession — now, and down the road. As Mike put succinctly: “There’s a huge talent shortage in accounting. Here’s a section I found particularly interesting.

AI 88

AI Accounts Audit Compromise 88

FloQast

NOVEMBER 20, 2024

Efficient account reconciliations is a cornerstone of modern accounting practices, demanding precision and speed to keep pace with today’s financial landscape. Data Integrity Issues: Ensuring data accuracy and completeness while maintaining audit trails is crucial, yet difficult in a decentralized environment.

Reconciliation 85

Reconciliation AI Transactions Accounts 85

VISTA InfoSec

OCTOBER 26, 2023

SOX establishes regulations around financial reporting, mandates internal control audits, and strengthens corporate governance. The SOC framework includes multiple internal control audit reports. Now let’s examine the key differences between SOC and SOX audits. It applies to all U.S. SOX, a U.S.

Audit 130

Audit Compliance Laws Governance 130

FloQast

MAY 15, 2024

Overview In the face of mounting workloads, technological fragmentation, and a talent shortage, the accounting profession is at a critical juncture. Embracing technological advancements is imperative for ensuring the sustainability and efficiency of accounting teams. Accounting thrives on precision and efficiency.

Accounts 93

Accounts AI Automation On-Demand 93

FloQast

JANUARY 10, 2024

So, the team set a November deadline — pretty aggressive considering the shift to remote work and everything that needs to be handled from an accounting perspective in order to do so. But Cricut’s small, but mighty, accounting team rose to the challenge. Streamlining the Month-End Close With 8.4

Accounts 88

Accounts Reconciliation Compliance Close Processes 88

FloQast

MAY 9, 2024

Amidst these challenges, the recent enhancements to FloQast’s Compliance Management solution offer a beacon of hope for finance and accounting teams. The Accountability Challenge: Challenge : Ensuring clear instructions and responsibilities for control execution is vital.

Compliance 87

Compliance Audit Risk Assessment Assessments 87

FloQast

MARCH 27, 2024

For a profession that digests a volume of data that many others might not think possible, the onus on accountants to ensure accuracy consistently can seem daunting. This is, of course, precisely why reconciliations are so core to the accounting function. Remember those last few words: They’re foreshadowing.

Reconciliation 83

Reconciliation Audit Accounts Best Practices 83

FloQast

JUNE 10, 2024

Accounting thrives on precision and efficiency. Scratch that: Accounting cannot operate without precision and efficiency. The unsung heroes behind the scenes in every business, accountants ensure the smooth operation of this intricate system. But that doesn’t make things easy.

Addressing 81

Addressing AI Accounts On-Demand 81

FloQast

APRIL 30, 2024

Organizational Chaos : Compliance documents managed in spreadsheets often lead to version control issues and synchronization challenges, hindering effective control implementation and audit processes. But we’re finance and accounting professionals, and professional sports was likely never a real option. Audits in general are a pain.”

Compliance 90

Compliance Addressing Audit Risk 90

PYMNTS

JUNE 23, 2020

Braun surrendered to Munich prosecutors after a judge issued a warrant as prosecutors investigate an accounting scandal that centers on a missing 1.9 Until his resignation Friday (June 19), when an audit revealed 1.9 There is a prevailing likelihood that the bank trust account balances in the amount of 1.9 billion euros ($2.1

Request for Comment 127

Request for Comment Audit Scams Central Bank 127

FloQast

FEBRUARY 7, 2024

For publicly-held Veracyte , based in San Francisco, maintaining compliance with SEC and SOX reporting standards while managing audit controls posed a significant challenge. With over a decade of experience in public accounting, Kang recognized the importance of establishing robust systems and processes to meet regulatory requirements.

Compliance 96

Compliance Audit Facilitators Reconciliation 96

PYMNTS

DECEMBER 18, 2020

auditing standards by the end of next year, including opening up their audit records to U.S. Others have suffered from their own internal problems, such as Luckin Coffee, which was delisted in April over an accounting scandal. auditing rules. stock exchanges would have to conform to U.S.

Audit 107

Audit Regulations Treasury Laws 107

VISTA InfoSec

OCTOBER 11, 2023

The QSA does this by conducting an audit of the organization’s processes and controls. We offer a comprehensive suite of services, including IT Audits, Risk & Security Management solutions, and Training Programs, all tailored to your specific needs. 5/5 - (7 votes)

PCI DSS 130

PCI DSS Audit Compliance Assessments 130

FloQast

MAY 13, 2024

Accounting is the backbone of financial transparency and corporate governance, and the profession is undergoing a transformation driven by technological advancements and shifting market dynamics. Understanding these changes is crucial for accounting professionals who want to maintain relevance and capitalize on new opportunities.

Accounts 52

Accounts Technology Cybersecurity Audit 52

Nanonets

FEBRUARY 1, 2024

In the rapidly evolving business landscape, the efficiency of Accounts Payable (AP) processes is no longer just a back-office concern but a strategic imperative. Accounts Payable (AP) automation is the use of technology to streamline and improve the process of managing a company's bills and payments owed to others.

Automation 64

Automation Accounts Process Multi-Currency 64

EBizCharge

SEPTEMBER 6, 2024

ince efficiency and accuracy in financial management have never been more essential, integrated accounting systems offer a streamlined approach combining various financial functions into a cohesive platform. Understanding how integrated accounting works is critical for organizations looking to optimize their financial operations.

Accounts 52

Accounts CRM Automation Audit 52

FloQast

JANUARY 17, 2024

The consultation set out proposals for a range of legislative and governance reforms to be implemented in the Code in 2024, including the introduction of a new regulatory body, known as the Audit, Reporting, and Governance Authority (ARGA), which would replace the FRC. New malus and clawback arrangement disclosures.

Governance 76

Governance Government AAP Audit 76

Nanonets

MAY 6, 2024

Spreadsheets like Excel have long been a staple for account reconciliation , but their limitations are becoming increasingly evident. Plus, the inability to identify the individuals responsible for the latest document updates creates a lack of accountability for project stakeholders and can even compromise security measures.

Reconciliation 52

Reconciliation Accounts Audit Automation 52

The Fintech Times

MARCH 22, 2024

“It also means that, on the off chance that there is fraud , this can quickly be identified and resolved. “It also means that, on the off chance that there is fraud , this can quickly be identified and resolved. ” The post Mukuru Distributes Aid Across Africa Following Expansion to Uganda appeared first on The Fintech Times.

Audit 104

Audit Accounts Governance Government 104

VISTA InfoSec

SEPTEMBER 28, 2023

Appoint an Independent Data Auditor: The Significant Data Fiduciary shall appoint an independent data auditor to carry out a data audit. Conduct the Data Protection Impact Assessment (DPIA) and Audits: The Significant Data Fiduciary is responsible for implementing the following measures: (Clause 10 (2) (c), DPDP Act).

Privacy 130

Privacy Audit Data Breach Breach 130

Nanonets

JUNE 18, 2024

Introduction to Account Reconciliation Account reconciliation is the critical process of comparing your general ledger with internal and external sources. Account Reconciliation can be a fairly manual task, especially right before the monthly close. Why is Account Reconciliation so Important?

Reconciliation 52

Reconciliation Accounts Automation Credit Cards 52

FloQast

JUNE 12, 2024

These inefficiencies not only led to wasted time and resources but also resulted in significant audit fees. Curis’s Success with FloQast: A Summary Eliminated $110,000 in external audit fees by combining Close and compliance efforts. That saved us $110,000 in outside audit fees.” This is where FloQast stepped in.

Compliance 90

Compliance Close Processes Audit Automation 90

Nanonets

JANUARY 23, 2024

Automation in accounting? That's why accounting automation is among the hottest trends today. QuickBooks Online is a powerhouse in accounting, but pair it with Zapier's automation magic, and you get an unstoppable duo. A game-changer! You can connect QuickBooks with over 5000+ apps — no code needed.

Automation 59

Automation Accounts Process AI 59

Nanonets

MAY 21, 2024

Seven Best Practices for Effective Account Reconciliations From Mesopotamia's rudimentary ledgers tracking livestock and crops to the second-century BCE Indian treatise " Arthashastra ", accounting has been a cornerstone of economic management in any civilized society.

Best Practices 52

Best Practices Reconciliation Accounts Payment APIs and Integration 52

The Fintech Times

DECEMBER 21, 2023

The American Fintech Council (AFC), the industry association representing fintech and banks, has given its support for The Fair Audits and Inspections for Regulators’ (FAIR) Exams Act, which aims to enhance transparency and accountability in bank examinations.

Regulations 64

Regulations Accounts FinTech Disputes 64

VISTA InfoSec

JULY 31, 2023

Change Default Passwords : Change the default passwords, usernames, and administration accounts that come with devices like firewalls and routers. Truncate or Mask Full Primary Account Numbers (PANs) : Truncate or mask full primary account numbers (PANs) when they are not required for business purposes.

PCI DSS 130

PCI DSS Security Encryption Compliance 130

The Fintech Times

FEBRUARY 14, 2024

As businesses adapt to the accelerating pace of technological change and new e-invoicing mandates, one aspect of financial management stands out – accounts payable (AP) automation. Easier monitoring: Automated systems maintain an audit trail for all transactions, facilitating process monitoring and compliance with audits.

Automation 103

Automation Process Duplicate Compliance 103

Paystand

OCTOBER 24, 2024

Table of Contents What is AI Accounting? How Is AI Being Used in Accounting? AI in Accounting and Auditing 6 Benefits of AI in Accounting Evaluating AI Accounting Software Accounts Receivables after AI

AI 40

AI Accounts Audit 40

Evolve Payment

SEPTEMBER 9, 2024

One frequently overlooked aspect of exit planning is the role your merchant account and merchant processing health play in business valuation. Efficient merchant processing ensures that your accounts receivable process is optimized, meaning you get paid faster and with fewer hiccups. Sound familiar?

Process 95

Process Audit Accounts Returns 95

The Payments Association

OCTOBER 11, 2024

Firms must prepare for these changes by improving their internal processes, conducting audits, and adapting to new compliance requirements to ensure seamless implementation of the FCA’s reforms. What’s next?

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

Nanonets

MAY 21, 2024

Accounts receivable reconciliation is a crucial process within accounting and financial management practices undertaken regularly by a business. As transactions with customers and clients occur, businesses generate accounts receivable, which represent amounts owed to them for goods and services sold or rendered.

Reconciliation 52

Reconciliation Accounts Adjustments Correspondent 52

Fintech Finance

AUGUST 2, 2024

Campbell joined TreviPay in October 2020 as a “CFO plus” to rebuild the Finance function and build a broader foundation for the company to launch an accelerated growth strategy as TreviPay transitioned from public company to private equity ownership under Corsair Capital.

Audit 102

Audit Advisors Finance Accounts 102

EBizCharge

AUGUST 23, 2024

The choice between manual and automated accounting systems can significantly impact organizational efficiency. As companies strive to keep pace with evolving transactions, understanding the nuances of these accounting methods becomes essential. What are accounting systems? Manual vs Automated accounting: What’s the difference?

Automation 52

Automation Accounts Encryption Transactions 52

Fintech News

DECEMBER 4, 2024

The company also plans to maintain transparency through a rigorous auditing process conducted by an independent accounting firm and the release of monthly attestations.

Stablecoins 104

Stablecoins Audit Blockchain Acquirers 104

VISTA InfoSec

FEBRUARY 28, 2024

This is done by assigning unique identifiers and employing authentication factors (like passwords, tokens, or biometrics) to access rights and privileges associated with user, application, system, or service accounts. Changes Overall Focus Strong emphasis on eliminating shared accounts. Eliminate generic accounts (e.g.,

PCI DSS 130

PCI DSS Best Practices Authentication Rules 130

Nanonets

JUNE 19, 2024

What is the Vendor Reconciliation Process in Accounts Payable Vendor reconciliation is a critical practice in accounts payable to ensure the completeness and accuracy of vendor payments. Accounts payable teams must reconcile payments regularly to avoid double-processing them.

Reconciliation 52

Reconciliation Process Accounts Duplicate 52