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How to Audit Bank Reconciliation?: A Complete Guide

Nanonets

Audit Bank Reconciliation Guide  Both internal and external accounting audits are essential parts of financial management as well as organizational risk management. A bank reconciliation audit is one such process that helps in identifying financial gaps or discrepancies. Looking out for a Reconciliation Software?

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AI for QuickBooks: Automate invoice and AP management

Nanonets

  High-volume transaction matching and receipt capture at scale might require purpose-built AI solutions to maintain accuracy and efficiency. While Intuit Assist streamlines many financial workflows, complex enterprise requirements often demand additional capabilities.

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Deutsche Bank Internal Investigation Finds Russian ‘Dirty Money’

PYMNTS

In fact, the audit committee of Deutsche Bank’s supervisory board warned that the lender possibly violated “legal, regulatory and other financial crime-related obligations.”. The total transaction volume of €175 million cleared for these “high-risk entities” in four currencies at current exchange rates, including $47.4 million of U.S.-related

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Mastercard Gives Commercial Cardholders More Amazon Data

PYMNTS

Goods and services are sourced and shipped from a large number of suppliers, leaving business customers with a tremendous volume of expenses to process, and often little information for each transaction.”. Now, Mastercard said, it is providing mid- and large-sized operations with an easier way to understand and manage expenses.

Visa 70
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How payment firms can prepare for the FCA’s proposed safeguarding regime

The Payments Association

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?

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HMRC Must Do Better: Customers Waiting Nearly 30 Minutes to Receive Necessary Support Reveals NAO

The Fintech Times

According to a new report by the National Audit Office (NAO), the number of telephone calls received by HM Revenue & Customs (HMRC) from customers was down from previous years. NAO has revealed that in theory, this would be very effective as it would cut costs servicing telephone calls and correspondence.

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Payment reconciliation: What is it, and how can your business do it efficiently?

Nanonets

Reconciling payments involves verifying whether the payments received in the company's bank account match the corresponding invoices or payment records in the company's financial system. Compliance and audit requirements Various industries and regulatory bodies mandate accurate and auditable financial records.