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Technology Enabled Data Analytics: Friend or Foe?

Abrigo

In fact a report by Cornerstone Research entitled, “Accounting Class Action Filings and Settlements - 2014 Review and Analysis " , shows allegations that accounting fraud surged 47 percent in securities class-action lawsuits over 2013. In the end, technology can make the work of a CPA more interesting. About the Author.

Analytics 150
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IRS Cracking Down On Crypto-Holding Taxpayers

PYMNTS

The Internal Revenue Service (IRS) is going to send letters to about 10,000 cryptocurrency holders warning them about the penalties they will face if they don’t report their income or pay taxes on the transactions, according to a report by The Wall Street Journal.

Taxes 128
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Amazon, Google, Facebook, Apple CEOs To Face Congress

PYMNTS

The CEOs of the world’s four biggest technology companies will testify later this month before the House Judiciary Committee as lawmakers investigate competition in the tech industry, Reuters reported. Cook testified in 2013 about Apple’s payment of taxes, CNBC reported.

Google 171
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Fake ID Docs Sold on Websites Targeted by Feds

PYMNTS

The federal agency said it shut down websites where consumers could buy “fake financial and other documents – such as pay stubs, income tax forms, and medical statements – which can be used to facilitate identity theft, tax fraud, and other crimes,” according to an FTC statement. Simmons was ordered to pay $15,000.

Taxes 134
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Uber Makes Last-Ditch Effort To Stay In Colombia

PYMNTS

After a ruling by a location regulator that the firm wasn’t fairly engaged in competition, Uber Technologies Inc. Uber has come across strong resistance from taxi drivers after selecting Bogota as its inaugural South American operation in 2013.

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India’s Call Centers Are Becoming Avenues To Scam Americans

PYMNTS

government and has been looked into since 2013. The paper noted that, since 2013, Americans — many of which are recent immigrants — have been scammed out of $100 million as a result. What’s more, there is a huge call center culture in India, as well as efficient technology and ingenuity on the part of the citizens of India.

Fraud 124
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Small banks: Big challenges and big opportunities

Abrigo

Takeaway 3 With effective technology, the bank can continue to grow its portfolio without necessarily adding staff. According to the Federal Reserve Bank of Kansas City , community banks’ deposit market share dropped to 15% in 2022 from 22% in 2013. I don’t want my veteran bankers writing a credit memo,” he said. The result?