EY

German Agency Criticizes EY’s Audits of Wirecard
German Agency Criticizes EY’s Audits of Wirecard
April 19, 2024  |  Security & Fraud

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...

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California Forges Ahead With AI Rules as Federal Regulations Lag Behind
California Forges Ahead With AI Rules as Federal Regulations Lag Behind
March 15, 2024  |  artificial intelligence

California’s recent vote to regulate artificial intelligence (AI) and personal data use by businesses underscores growing concern over the risks posed by these technologies in...

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Intelligent Chatbots Help Shape Future of One-Touch Payroll
Intelligent Chatbots Help Shape Future of One-Touch Payroll
February 21, 2024  |  Payroll

Payroll management involves more than just disbursing employee wages. The complexity significantly intensifies when faced with a flood of payroll-related inquiries, a challenge that traditional...

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Wirecard’s Insolvency Manager Files Lawsuit Against EY in Germany
Wirecard’s Insolvency Manager Files Lawsuit Against EY in Germany
December 29, 2023  |  Legal

Wirecard’s insolvency manager, Michael Jaffé, filed a lawsuit in a court in Stuttgart against accountancy firm EY. The lawsuit claims 1.5 billion euros (about $1.66...

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EU Banks Dial Back Lending
EU Banks Dial Back Lending
December 04, 2022  |  Loans

Europe’s banks will likely reduce lending next year as the region dips into a recession. That’s according to a Sunday (Dec. 4) Financial Times report,...

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Deutsche Bank Accounting Head Stands Aside Over Wirecard Scandal
Deutsche Bank Accounting Head Stands Aside Over Wirecard Scandal
December 09, 2020  |  Security & Fraud

The head of accounting at Deutsche Bank is temporarily stepping down in the wake of the Wirecard scandal, the Financial Times reports. The move comes...

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Deutsche Bank, EY Linked To Germany’s Wirecard Investigation
Deutsche Bank, EY Linked To Germany’s Wirecard Investigation
November 29, 2020  |  Security & Fraud

Deutsche Bank and its head of accounting Andreas Loetscher are now in the scope of the Wirecard investigation over Loetscher’s previous role at EY, the...

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EY Pressured To Testify About Role In Wirecard Scandal
EY Pressured To Testify About Role In Wirecard Scandal
November 25, 2020  |  Legal

EY is increasingly finding itself on the hot seat as German lawmakers and investigators dig deeper into the collapse of payments giant Wirecard, whose books...

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Ernst & Young Faces Backlash Over Whistleblower Report On Wirecard
Ernst & Young Faces Backlash Over Whistleblower Report On Wirecard
September 30, 2020  |  Security & Fraud

One day after an Ernst & Young (EY) whistleblower’s warning about potential fraud at Wirecard was made public, the global accounting firm is facing backlash,...

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