The Financial Education & Research Foundation estimates annual audit fees will average $2.54 million for public companies in 2019, based on historical trends from companies’ filings with the Securities and Exchange Commission and the Public Company Accounting Oversight Board. Photo: Andrew Harrer/Bloomberg News By Mark Maurer Jan. 15, 2020 5:30 am ET Annual audit fees […]
Archives for 2020
Companies Shell Out More in Audit Fees to Tackle Accounting Rule Changes – Wall Street Journal
The Financial Education & Research Foundation estimates annual audit fees will average $2.54 million for public companies in 2019, based on historical trends from companies’ filings with the Securities and Exchange Commission and the Public Company Accounting Oversight Board. Photo: Andrew Harrer/Bloomberg News By Mark Maurer Jan. 15, 2020 5:30 am ET Annual audit fees […]
List of Banks for FASTag
The FASTag has become mandatory from January 15, 2020 after extending the deadline twice in December. In case you are not aware, FASTag is RFID sticker which you need to paste to your vehicle windshield. The FASTag is linked to your bank account or a wallet and toll charges are automatically deducted as you zip […]
Amazon will invest $1B to push small businesses in India: Jeff Bezos
Image Source: Amit Agarwal/Twitter Amazon will invest an incremental $1 billion in digitising small and medium businesses (SMBs) in India over the next five years, founder and chief executive Jeff Bezos said on Wednesday. “We are going to use Amazon’s size, scope, and global footprint to export $10 billion of ‘Make in India’ goods by […]
Top brands shun exclusive e-tail deals in India
At a time when online marketplaces have come under the scanner for alleged exclusive agreements with smartphone makers, top apparel and footwear brands, including Under Armour, Nike, Marks & Spencer and Adidas are moving away from such agreements. The move by these brands is an effort to reach a wider consumer base, which is not […]
Amazon pumps over Rs 1,700 crore into India units
Ecommerce major Amazon has pumped over Rs 1,700 crore into its payments and wholesale business units in India, signalling opportunity that the US giant sees in the country. Amazon Pay India has received Rs 1,355 crore from Amazon Corporate Holdings and Amazon.com.incs.Limited, while Amazon Wholesale (India) allotted shares worth about Rs 360 crore to Amazon […]
Oyo notifies staff of their status via email; fires 200 in Delhi
After acknowledging that it asked some of its employees to explore careers outside the company, SoftBank-backed Oyo has begun the process of notifying thousands of staffers individually about their status in the organisation through individual emails, people familiar with the matter said. Layoffs in locations like Delhi and Jaipur were communicated to the staff on […]
Oyo notifies staff of their status via email; fires 200 in Delhi
After acknowledging that it asked some of its employees to explore careers outside the company, SoftBank-backed Oyo has begun the process of notifying thousands of staffers individually about their status in the organisation through individual emails, people familiar with the matter said. Layoffs in locations like Delhi and Jaipur were communicated to the staff on […]
Clients can avoid paying half their retirement income to the IRS. Here’s how
Welcome to Retirement Scan, our daily roundup of retirement news your clients may be talking about. Clients can avoid paying half their retirement income to the IRS. This is howRetirees must determine the type of retirement accounts that have RMDs, according to this Yahoo Finance article. After making this determination, clients are then advise to […]
BlackRock CEO declares ‘fundamental reshaping of finance’
Climate change is the foundation of what may be a fundamental reshaping of finance, BlackRock Chairman and CEO Larry Fink wrote in an open letter to CEOs released Tuesday that announced the asset manager’s plans to place sustainability at the center of its investment approach. BlackRock, which has close to $7 trillion under its management, […]