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Decoding the FCA’s Safeguarding reforms: Practical steps for payments and E-money firms

The Payments Association

Central to these changes are new statutory trust requirements, more prescriptive record-keeping, reconciliation standards, and the mandate for external safeguarding audits. Safeguarding audits: Firms are required to arrange safeguarding audits to assess compliance with the rules.

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Top regulatory priorities for the payments sector

The Payments Association

Firms should be prepared for more onerous record-keeping and reporting requirements and factor in the costs of additional compliance obligations, including holding client funds under statutory trust. Regular audits and compliance checks : Firms will face enhanced monitoring and reporting under the proposed policy.

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Sustainable payments: Innovating for our financial ecosystem

The Payments Association

Regulatory pressure and ESG standards: As many countries move toward stricter reporting requirements and ESG standards, sustainable payments are becoming a regulatory necessity rather than a voluntary effort. Partner with verified data providers: Data is the backbone of ESG credibility.

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SOX VS SOC – Mapping the Differences

VISTA InfoSec

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.

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How NPOs Can Master Financial Planning

The Finance Weekly

Many of the same financial issues that profit-seeking enterprises face, such as increasing revenue, managing audits, and dealing with compliance, encounter non-profit organizations (NPOs). Financial planning for NPOs can be difficult, as certain issues will present unique challenges to you, such as specific reporting requirements.

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UK Tightens Accounting Standards As Corporate Collapses Continue

PYMNTS

have led the Financial Reporting Council (FRC) to enact more stringent accounting standards, The Guardian reported on Monday (Sept. According to reports, the FRC issued an updated going concern standard, adding “significantly stronger requirements” for U.K.

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Accounting Department Transformation: A 2025 Blueprint

FloQast

The accounting landscape is changing and its happening at a faster pace than many of us anticipated. As a result, CFOs and their teams are under serious pressure to meet these challenges and modernize their accounting departments without sacrificing efficiency, accuracy, and compliance.