As Asia’s economies grow, a business intelligence firm warns that a growing disconnect between distant headquarters and local offices could lead to an increase in fraud as internal audit teams fail to meet the mark.
If traditional industries are the ground troops in the looming conflict, cross-border e-commerce platform Youkeshu is China’s militia. Its CFO talks trade warfare, hedging strategy and bank relationships.
With 60 banks now part of the Swift global payments initiative (gpi) network carrying out payments worth $100 billion a day, real-time cross-border funds transfer with full traceability is on the horizon
If you want to see IFRS in action, look no further than the estimated $100bn Xiaomi mega-IPO. The Chinese tech giant's growth in value can look like accumulated losses depending on your accounting standard.