As the fallout from Wirecard 's troubles unfold, Germany's deputy finance minister has called for radical solutions to fix how accounting firms are regulated, the Financial Times reported .
The government is expected to end its contract with the Financial Reporting Enforcement Panel (FREP), the country's accounting watchdog, as early as Monday, sources told the Times.
While you're here, how about this:
A New Normal for Finance and Accounting | CFO Daily News
COVID-19 has thrown us all for a loop – and it's required businesses to shirk traditional norms of operation and resort to a survival mentality.
Standard in-house processes, procedures, and controls have been replaced by emergency measures. We're all struggling to adapt and cope with a turbulent economy.
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COVID-19 forced us to invent new ways of doing things to stay viable and sustain our business models – and it will continue to impact our economy and business operations for months to come.
Global Forensic Accounting Market By Type of Investigation, By Organization Size, By Purpose, By
Mastercard and Visa reportedly reconsidering their relationship with Wirecard following
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Israel's biggest accounting firm EY to sack dozens of employees - CTech
According to sources at the company, most of those employees will return to work during July, but many won't, with the number of those sacked believed to be less than 100. According to an agreement reached with the employees, social benefits, including payment for extra time and bonuses will be restored.
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According to Dun's 100 rankings which are undertaken by Dun & Bradstreet Israel Group economists, EY Israel employs over 1,800 people, including more than 700 accountants.
Accounting major Tally is enabling SMEs to access data remotely without tapping into cloud tech
Tejas Goenka, Managing Director, Tally Solutions, says, the accounting software major aims to help small businesses access critical data anywhere, anytime, with its remote access technology.
Thirty-four-years-ago, Bharat Goenka co-founded Tally Solutions in Bengaluru . Coming from a family that was into textile trading in Kolkata, his love for technology made him experiment and build an accounting software that could help traders move away from traditional bookkeeping.
COVID-19, IFRS 16 and lease accounting: The impairment question | INTHEBLACK
What do you get when you combine a problematic first-time lease implementation with a once-in-a-generation global pandemic? Quite the head-scratcher when it comes to IFRS 16 leases. Read our expert analysis.
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This financial year was always going to be a challenge for the accounting profession as many companies prepared for the first-time implementation of IFRS 16 Leases .
However, no one anticipated that a global pandemic would bring about an unprecedented disruption to economies in its wake. The accounting profession has had to adapt in many ways, but COVID-19 and the consequential economic slowdown has presented a particular challenge for the first-time application of IFRS 16 .
Growth Opportunities In Global Accounting & Management Consulting Services Market Future
The ‘ Accounting & Management Consulting Services market’ research report added by Market Study Report, LLC, is an in-depth analysis of the latest trends persuading the business outlook. The report also offers a concise summary of statistics, market valuation, and profit forecast, along with elucidating paradigms of the evolving competitive environment and business strategies enforced by the behemoths of this industry.
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