Over the last year, interest rates have been soaring at a historical rate in an attempt to curb the inflation crisis. Now over a year later, we are starting to see inflation dropping, costs stabilizing, and for the first time in at least 2 years a light at the end of the tunnel.
The recent financial crisis, which resulted in the closure of several banks, including Silicon Valley Bank, has prompted Wall Street executives and banking analysts to advocate for increased intervention from U.S.regulators to enhance the security of the country's banking sector
In response to recent bank failures, financial regulators in the US intend to implement tougher restrictions on a broader range of financial institutions.
Two of the world's largest accounting firms, KPMG, and PwC, have recently been fined for audit lapses by regulatory bodies. These penalties underscore the significance of maintaining rigorous quality assurance measures within the accounting industry