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How to increase efficiency and minimize risk in the audit process using analytics

Abrigo

Since leaving public accounting, she has been an internal auditor, a tax preparer and a controller. According to a 2014 report by Cornerstone Research, allegations of accounting fraud surged 47 percent in securities class actions lawsuits in 2013. Securities and Exchange Commission (SEC) in the 2013-2014 fiscal year.

Analytics 150
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AscendantFX Makes The Case For Wire Transfer

PYMNTS

But just as it was a disruptive force when it emerged in the mid-19th century, today the wire has secured a bit of attention as players like SWIFT move to promote faster, more efficient cross-border transfers. since 2014 for B2B transactions, but the rail accounts for a mere 8 percent of B2B transactions — and that’s combined with cash.

Fraud 116
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Guest Post: 2013 Economic Year in Review and Outlook by Banker Dorothy Jaworski

Jeff For Banks

We’ll Miss You, Ben Now that the holidays are over, it is time to recognize that January, 2014 marks the last month as Federal Reserve Chairman for our favorite helicopter pilot, Ben Bernanke. Cautious Growth for 2014 We expect that GDP growth will continue in a cautious mode in 2014, likely between 2% and 2.5% once again.

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Guest Post: 2012 Economic Year in Review by Dorothy Jaworski

Jeff For Banks

They announced another quantitative easing program—this time, QE3—part 2, in which they will buy $45 billion a month in Treasury bonds in addition to the $40 billion per month of mortgage backed securities that they are buying for QE3. The tax bracket changes become permanent and that will allow planning to resume.

Taxes 71
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Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

More recently and by comparison, the mortgage meltdown and subsequent global financial crisis took down more than 500 banks between 2007 and 2014, with total assets of nearly $959 billion. And quite frankly, I did not know there were so many tranches to mortgage-backed securities. trillion failed. Let those numbers sink in a bit.

FDIC 78
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Guest Post: Second Quarter Economic Update by Dorothy Jaworski

Jeff For Banks

On June 28th, the Supreme Court upheld the Affordable Care Act as constitutional, calling penalties on individuals for failing to purchase health insurance a “tax.” This decision sets in motion a series of steps to implement the law over the next few years along with the estimated $813 billion in taxes and levies over the next ten years.

Taxes 66
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Guest Post: First Quarter Economic Commentary by Dorothy Jaworski

Jeff For Banks

In 2014, our GDP growth was +2.4%; in the fourth quarter, it was +2.2% Oil Steals the Show The biggest story of the past year in the markets has to be the plunging price of oil, down 50% in 2014 to below $50 per barrel. with real final sales rising only a measly +0.1%. Suddenly, the extent of excess supply became apparent.