Accounting Financial News

21.11 / 15:27

UPS Platform Bitcoin accounting Examiner: Celsius' accounting and operational controls were 'insufficient'

In the bankruptcy case involving crypto lender Celsius, the independent examiner claims that the company did not establish «adequate» accounting and operational controls in its handling of client cash. These allegations are based on the fact that the company failed to establish «adequate» accounting and operational controls. The examiner made these accusations in their report.

21.11 / 07:13

business Blockchain regulation Bankruptcy accounting Celsius had 'insufficient' accounting and operational controls, says examiner

The independent examiner in crypto lender Celsius’ bankruptcy case has alleged that the company failed to set up “sufficient” accounting and operational controls in its handling of customer funds.

18.11 / 11:21

Provident Digital Waters Strategy accounting Gofaizen & Sherle Launches Full-Cycle Online Accounting in Lithuania

Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content.

19.09 / 14:29

Lowe's Binance Mobile accounting What Went Wrong That Led to the Binance Helium $22 Million Accounting Mishap

Four Binance.us customers have unexpectedly received a total of almost $22 million in cryptocurrency, after the crypto-exchange erroneously credited holders of Helium's new MOBILE token with the more valuable helium (HNT) token instead. It appears that most of the mistakenly credited HNT has been sold on by their lucky receivers, with the accidental payout coinciding with a selloff that saw HNT's price dive from over $7 to an 18-month low of around $3.33.

01.09 / 12:57

Ethereum cryptocurrency Bitcoin accounting US Inches Towards Bitcoin & Ethereum Accounting Clarity, Leaving NFTs and Stablecoins for Later

18.08 / 15:07

business Stablecoin Tether Dollar accounting Reserve Tether reserve attestations to be conducted by major European accounting firm

In a step toward greater transparency and better alignment with international accounting standards, stablecoin operator Tether Holdings Limited has tapped BDO Italia to conduct regular reviews and attestations of its dollar reserves.

18.08 / 11:39

Blockchain Ethereum Decentralization Cloud Services accounting 3 cloud providers accounting for over two-thirds of Ethereum nodes: Data

The majority of 4,653 active Ethereum (ETH) nodes are in the hands of centralized web providers like Amazon Web Services (AWS), which could “expose Ethereum to central points of failure,” according to crypto analytics platform Messari.

25.07 / 08:19

cryptocurrency Digital Tesla Bitcoin accounting "Really Vague": Tesla's Bitcoin Dump Leaves Accounting Mystery In Its Wake

"Teslas disclosure is really vague and not transparent," said an accounting professor.

15.07 / 11:53

UPS accounting Fine Accounting regulator to crack down on exam cheaters after EY hit with $100m fine

The UK's accounting watchdog is turning up the heat on exam cheats, ordering the sector's biggest firms to explain how they are putting an end to the practice.

17.06 / 22:37

regulation Trading SEC accounting Senators Senators join chorus of disapproval of ‘backdoor regulation’ in SEC staff accounting bulletin

United States Senator Bill Hagerty has sent a letter, cosigned by four other Republican senators, to Securities and Exchange (SEC) Commission chair Gary Gensler urging the withdrawal of a staff accounting bulletin, referred to as SAB 121, issued by the agency March 31. According to the senators, the bulletin amounts to “regulation disguised as staff guidance” and does not adhere to the Administrative Procedure Act.

16.06 / 17:07

Government Blockchain Adoption Supply Chain accounting US Air Force taps SIMBA Chain to develop budgeting and accounting system

For many years, the United States Military has been experimenting with blockchain in a number of settings to enhance its operations. Now, the U.S. Air Force (USAF) is adopting blockchain into its budgeting and accounting processes.

12.05 / 05:07

regulation Report MicroStrategy Bitcoin accounting Michael Saylor welcomes FASB vote to review crypto accounting standards

Bitcoin proponent and MicroStrategy CEO Michael Saylor has welcomed the U.S. Financial Accounting Standards Board (FASB) vote to review accounting rules for digital assets and commodities.

01.04 / 03:04

business regulation SEC Digital Asset accounting guidance New SEC guidance on accounting and disclosures rankles Commissioner Peirce

U.S. companies that safeguard their clients’ crypto-assets received new accounting guidance Thursday in the form of a Securities and Exchange Commission, or SEC, Staff Accounting Bulletin. The guidance got a strong response from SEC commissioner Hester Peirce, a steadfast crypto advocate.

16.03 / 10:21

SEC accounting SEC probes Big Four accounting firms over conflicts of interest

Regulators are carrying out a sweeping investigation of conflicts of interest at the US's largest accounting firms, asking whether consulting and other nonaudit services they sell undermine their ability to conduct independent reviews of public companies’ financials, according to people familiar with the matter.

08.02 / 17:41

Blockchain Ethereum Provident Bitcoin accounting Accounting Giant KPMG Invests in Bitcoin and Ethereum

Accounting firm KPMG is getting into cryptocurrencies. The firm announced in a press release on Feb. 7, 2021, that its Canada office had purchased Ethereum (ETHUSD) and Bitcoin (BTCUSD) for its corporate treasury. KPMG did not divulge the amount or figures related to its investment in cryptocurrencies.

22.01 / 01:09

business Investments SEC Bitcoin accounting SEC rejects MicroStrategy's Bitcoin accounting practices: report

Business intelligence firm MicroStrategy reportedly acted contrary to the Securities and Exchange Commission’s accounting practices for its crypto purchases.

11.01 / 12:55

UPS Digital Simulation accounting Accounting firms set up operations in the metaverse

Accounting firms are following the example set by other companies to launch operations in the metaverse, a digital space where players simulate real-life activities from shopping to gaming to business consulting.

10.01 / 11:31

UPS Digital Simulation accounting Accounting firms set up operations in the metaverse

25.11 / 04:13

Target accounting reports Accounting regulator slams diversity failures in company reports

The UK’s accounting regulator has raised concerns over how honest companies are being in their financial reports when they miss diversity targets and succession plans.

Accounting Financial News

popular questions about accounting

What is accounting and why is it important?

Where can I find the latest updates on accounting?

How can I verify the accuracy of information on accounting?