Loading…
Loading…
A German court said on Friday that EY Germany cannot be held liable for damages in a lawsuit by former Wirecard shareholders over its allegedly flawed audits of the now-defunct payments group.
German prosecutors have charged another two former Wirecard executives, according to a statement from their Munich office on Tuesday, casting their net wider in investigations into one of Germany's biggest corporate scandals.
A German regulator has reportedly concluded that EY's audit work and quality control regarding the now-defunct payments firm Wirecard was marked by “grave” and “repeated” violations of professional duties. The regulator, Apas, said this in a review that was published Friday (April 19) and ended a multiyear investigation, the Financial Times (FT) reported Friday.
A German regulator has reportedly concluded that EY's audit work and quality control regarding the now-defunct payments firm Wirecard was marked by “grave” and “repeated” violations of professional duties. The regulator, Apas, said this in a review that was published Friday (April 19) and ended a multiyear investigation, the Financial Times (FT) reported Friday.
VIENNA (AP) — Austria faces its biggest espionage scandal in decades as the arrest of a former intelligence officer brings to light evidence of extensive Russian infiltration, lax official oversight and behavior worthy of a spy novel.
Accountancy firm EY is facing a new lawsuit claiming 1.5 billion euros ($1.66 billion) in damages over its role in auditing Wirecard's books before the German payments company collapsed in 2020.
Two former Wirecard executives have been sentenced to prison in Singapore.
The once celebrated German payments firm collapsed spectacularly in 2020 after it acknowledged around $2 billion of listed assets probably didn't exist.
No recent filings indexed.