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

The Payments Association

OCTOBER 23, 2024

Firms with agents or distributors may require additional liquidity for safeguarding. Firms may be required to diversify their safeguarding providers. Enhanced reconciliation, audit, and reporting requirements will create additional administrative burdens and could increase the risk of supervisory and enforcement action.

Rules 88

Rules Payments Institute Authorization Reconciliation 88

The Fintech Times

JANUARY 25, 2024

Aside from the issues firms have reported around their financial control processes, institutions also revealed concerns about their data quality, particularly regarding meeting regulatory reporting requirements. We look forward to completing the survey in 2025 to see how respondents have progressed.”

Process 64

Process Audit Regulatory Compliance Consulting 64

FloQast

MAY 7, 2024

It keeps me audit-ready all year long!” – Valerie Cardozo, Dir of Finance & Compliance at Qualys 3) Centralise Storage The Year-End close requires accounting teams to work collaboratively across numerous different documents, and with reference to a range of data. I feel confident that FloQast helps with that.”

Reconciliation 52

Reconciliation Audit Automation Accounts 52

Nanonets

SEPTEMBER 21, 2023

To overcome this problem, businesses should prioritize data accuracy and implement robust ERP solutions that automate data entry and reconciliation processes. By utilizing advanced  software , businesses can minimize material errors, ensuring accurate financial reporting.

Accounts 52

Accounts Audit Payroll Compliance 52

Nanonets

FEBRUARY 9, 2024

It also applies to accounting firms, audit agencies, and any third party that a publicly traded company uses in its accounting management process. The act requires companies to develop, publish, audit, and actively use their ICFR. A detailed look at specific findings and any issues arising from audit.

Audit 52

Audit Risk Assessment Assessments Procedures 52

PYMNTS

APRIL 26, 2019

Procurement and spend management strategies are important to helping these schools comply with reporting requirements, prepare for audits and show judicial usage. .

Issuers 46

Issuers Reconciliation Audit Reporting Requirements 46

FloQast

JANUARY 22, 2025

Regulatory Complexity and Increased Reporting Requirements Put a Strain on Resources Regulatory requirements are constantly evolving, and reporting requirements are becoming increasingly complex. Furthermore, minimizing audit findings should be a top priority. Heres how you can do so.

Accounts 52

Accounts AI Automation Audit 52

FloQast

DECEMBER 13, 2023

To protect investors by improving the accuracy and reliability of corporate financial reporting, Michael Oxley, Representative for Ohio’s 4th congressional district, quickly introduced a bill to the House less than two weeks later on February 14.

Compliance 52

Compliance Audit White Collar Crime Risk Assessment 52

Nanonets

SEPTEMBER 23, 2023

The software can generate crucial documents such as W-2s, 1099s, and sales tax reports, simplifying the filing process and ensuring compliance with reporting requirements. It offers features like online invoicing, bank reconciliation, inventory tracking, and customized financial reporting.

Small Business 52

Small Business Accounts Automation Compliance 52

EBizCharge

AUGUST 23, 2024

Mistakes in data entry, calculations, or categorization can lead to inaccurate financial records, which may require additional time for corrections and audit. Reporting and analytics Manual accounting: Generating reports requires manual complication and calculations, which can be time-consuming and less detailed.

Automation 52

Automation Accounts Encryption Transactions 52

Nanonets

JANUARY 17, 2024

Now, you might be thinking, "We've got this covered with our trusty spreadsheets and quarterly audits." Maintaining a thorough and easily accessible audit trail is essential for compliance and transparency. Audits aren't just about compliance; they are about ensuring the integrity of financial reporting.

Payment APIs and Integration 52

Payment APIs and Integration Compliance Automation Audit 52

Nanonets

JUNE 29, 2023

Complex approval workflows, duplicate alerts and fraud detection Payment and reconciliation that works like magic. Top features: Real-time feeds on existing credit cards Reimburses employees on time with ACH payments Pros: Real-time credit card reconciliations for cards like Visa, Mastercard, AmEx, etc.

Payment APIs and Integration 52

Payment APIs and Integration Automation Credit Cards Online and Mobile Banking 52

Nanonets

SEPTEMBER 23, 2023

Encumbrances also facilitate transparency and accountability, allowing for better financial reporting and auditing. Non-profit organizations must balance the need for financial transparency with donor expectations and reporting requirements.

Accounts 52

Accounts Government Governance Payroll 52

Neopay

APRIL 14, 2025

This includes stricter record-keeping, more robust reporting requirements, and a requirement for an independent safeguarding audit. The FCA is also introducing a resolution pack requirement, which will detail the exact documentation and records companies must keep. What can they expect from these audits?

Due Diligence 59

Due Diligence Audit Compliance Reconciliation 59

The Payments Association

APRIL 14, 2025

Next steps/action required: Conduct a full accessibility audit of all customer-facing digital platforms, payment terminals, and service interfaces to identify gaps against EAA standards. The offence applies to large organisations meeting specific criteria, including employee count and financial thresholds.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88