The Payments Association

JANUARY 13, 2025

Central to these changes are new statutory trust requirements, more prescriptive record-keeping, reconciliation standards, and the mandate for external safeguarding audits. However, this introduces new complexities, including increased legal obligations and potential delays in fund distribution.

Compliance 88

Compliance Audit Legal Reconciliation 88

Nanonets

MAY 7, 2024

Expense reconciliation is the process through which businesses track expenditures, identify anomalies, adhere to regulatory requirements, and maintain financial accuracy and integrity. What is Expense Reconciliation? Many industries are subject to regulatory requirements regarding financial reporting and transparency.

Reconciliation 52

Reconciliation Best Practices Credit Cards Compliance 52

Finovate

FEBRUARY 21, 2024

Reconciliation and reporting platform Kani Payments has forged a strategic partnership with core banking platform Pismo. based reconciliation and reporting platform Kani has forged a strategic partnership with Pismo, an issuer processor and core banking platform headquartered in Brazil.

Reconciliation 69

Reconciliation Payments APACS Automation 69

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 Payments Association

OCTOBER 11, 2024

The proposals will impact authorised payment institutions, e-money institutions, and other relevant firms, with a broader interest for consumers, insolvency practitioners, and legal professionals.

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

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

FloQast

DECEMBER 13, 2023

Here are the key roles of PCAOB : Registration of Public Accounting Firms : For accountability and order, one of the main tasks of the PCAOB is to oversee the registration of public accounting firms that prepare audit reports for public companies. Only accounting firms registered with the PCAOB can legally audit public companies.

Compliance 52

Compliance Audit White Collar Crime Risk Assessment 52