Ernst & Young Auditors Under Scrutiny After String of Massive Frauds
We're celebrating the passing of the final official tax deadline of 2020 with a huge slew of news! We'll dive into what E&Y has in common with a string of imploding firms. Then we'll Zoom into a wide array of updates and features that will take the yawn factor out of videoconferencing, and enhance employee safety, and enable hybrid workforces. If you've been itching to travel, a new study reveals that it's nearly impossible to catch COVID on a plane. Venturing into other news, we'll talk about Robinhood, and the lack of security in many newer fintech players, and we look at Revolut's play to get a bank charter in Cali. Then, we'll round out the party with some IRS updates, PPP happenings, and we'll also see who's not charging for PPP services. All this, and party favors! Enjoy!
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03:35 – Reviews from Julie Sigety, CPA, Angela, and MarieP86!
https://www.wsj.com/articles/string-of-firms-that-imploded-have-something-in-common-ernst-young-audited-them-11602863319
https://blog.zoom.us/new-zoom-enhancements-to-help-customers-re-enter-the-office-enable-hybrid-workforces/
18:00 – Introducing Zapps, Bringing Best-of-Breed Apps Into the Zoom Experience
https://blog.zoom.us/introducing-zapps-bringing-best-of-breed-apps-into-zoom/
18:24 – Bring Zoom Into Your Apps With Our Customizable SDK
https://blog.zoom.us/bring-zoom-into-your-apps-with-our-customizable-sdk/
https://www.npr.org/2020/10/14/923428794/from-the-folks-who-brought-you-boring-meetings-ceos-want-to-ditch-sterile-zoom-c
23:11 – It's Almost Impossible to Get COVID-19 on an Airplane, New Military Study Suggests
https://www.military.com/daily-news/2020/10/15/its-almost-impossible-get-covid-19-airplane-new-military-study-suggests.html
26:53 – Report: Hackers Hit 2,000 Robinhood Accounts
https://www.pymnts.com/news/security-and-risk/2020/report-hackers-hit-2000-robinhood-accounts/
30:16 – What’s New in the Sage Intacct Release 3
https://www.accttwo.com/blog/whats-new-in-the-2020-sage-intacct-release-3
https://www.cnbc.com/2020/10/12/european-fintech-giant-revolut-is-close-to-applying-for-a-bank-charter-in-california.html
35:55 – Square Introduces Terminal API For Payments
https://www.pymnts.com/api/2020/square-introduces-terminal-api-for-all-in-one-payments/
38:33 – TD Bank files lawsuit against Plaid, accusing it of trying to 'dupe' consumers
https://ca.finance.yahoo.com/news/td-bank-files-lawsuit-against-194530182.html
42:51 – QR codes added to IRS balance-due notices
https://www.accountingtoday.com/news/irs-adds-qr-codes-to-balance-due-notices
44:31 – Starling Bank small business customers get PayStream accounting platform as an option
https://www.techradar.com/uk/news/starling-bank-small-business-customers-get-paystream-accounting-platform-as-an-option
45:11 – Receipt Bank launches 'one place to pay' app
https://www.finextra.com/pressarticle/84473/receipt-bank-launches-one-place-to-pay-app
46:34 – Treasury encouraged banks to prioritize PPP loans for existing clients, hurting minority- and women-owned small businesses, House report says
https://www.cnbc.com/2020/10/16/treasury-encouraged-banks-to-prioritize-ppp-loans-for-existinG-clients.html
50:32 – Survey: Who’s Not Billing for PPP Services?
https://cpatrendlines.com/2020/10/12/more-than-1-in-5-accountants-are-not-charging-for-ppp-services/
53:19 – Wells Fargo terminates employees over potential COVID-19 relief fraud
https://www.foxbusiness.com/economy/wells-fargo-fires-employees-over-potential-covid-19-relief-fraud
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