Illustration: Rahul Awasthi The mass adoption of ecommerce and boom in online shopping have been the single biggest push for digital payments during the Covid-19 pandemic, panellists at an ET webinar said, as restrictions on physical businesses forced Indian consumers to redefine their spending behaviour. “I cannot pass this point without highlighting the boom in […]
Archives for 2020
OAuth Consent Phishing Ramps Up with Microsoft Office 365 Attacks
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Latest product news – October 2020
We have some exciting announcements for you this month, many of which were featured on Xero On Air. If you haven’t had a chance to watch all the episodes, they’re still available for a short time, so don’t forget to register and tune in from the comfort of your home, office or wherever you are. […]
Something for the kids: Xero at STEMwana 2020
Part of the Tech Outreach and Engage purpose is to: Increase a diverse pipeline of talent into tech. For me, being based in Auckland, most of my focus for this has been local. So, when the STEMfest team, based in Tauranga, reached out to us to get involved with their inaugural event in 2019, we […]
The technology shaping our world and what we can learn from its limitations
It’s impossible to miss the astounding progress made in artificial intelligence (AI) over the last decade. But, let’s not get ahead of ourselves. In very real ways, the technology’s definite limitations tell us as much about the future of work as what the systems can do. To be sure, what they can do is remarkable. […]
‘Direct examination’ engagement created by SSAE No. 21
Practitioners will be able to perform a new engagement known as a direct examination for clients under a new standard published Wednesday by the AICPA Auditing Standards Board (ASB). Statement on Standards for Attestation Engagements (SSAE) No. 21, Direct Examination Engagements, gives a practitioner the ability to measure or evaluate underlying subject matter against criteria […]
Foreign tax credit allocation and apportionment rules finalized
News Foreign Income & Taxpayers By Alistair M. Nevius, J.D. Taxpayers received guidance Tuesday on how to allocate and apportion deductions and creditable foreign taxes and on other issues relating to foreign tax and the foreign tax credit in final regulations posted by the IRS (T.D. 9922). The IRS also posted wide-ranging proposed regulations regarding […]
What COVID-19 has taught corporate boards
In previous years, work as a corporate director generally was predictable. Board members could count on an approximate number of meetings, oversight topics that generally remained the same, and business conversations inside and outside of the boardroom. Everything changed in March, when the COVID-19 pandemic disrupted business and society in unforeseen ways. Boards were meeting […]
SEC charges Manitex, three former execs with accounting fraud – Compliance Week
According to the SEC, Manitex—a manufacturer and distributor of cranes, forklifts, and heavy equipment—improperly accounted for and misled its outside auditor about nonexistent inventory. The agency’s order describes two schemes perpetrated by Andrew Rooke, Manitex’s former chief operating officer, and Stephen Harrison, the former general manager of a Manitex subsidiary. In the first scheme, beginning […]
August home sales CRUSH expectations
Just a few minutes ago, we got a pending home sales number for the month of August that absolutely crushed the expectations. Pending home sales rose 8.8% in August compared with July, reaching a record high pace, according to the National Association of Realtors survey, which dates back to January 2001. Sales were 24.2% higher […]