Audit

Wirecard Saga Reignites Debate Over Auditors’ Role In Combatting Fraud

Wirecard Saga Reignites Debate Over Auditors’ Role In Combatting Fraud
Wirecard Saga Reignites Debate Over Auditors’ Role In Combatting Fraud
July 02, 2020  |  B2B Payments

As the fallout from Wirecard‘s $2 billion accounting scandal continues, some attention has turned to the Germany-based payment company’s auditor, Ernst & Young (EY). Get...

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EY Accused Of Missing Alleged Wirecard Fraud
EY Accused Of Missing Alleged Wirecard Fraud
June 28, 2020  |  Cybersecurity

In the ongoing scandal of Wirecard, under fire for fraud, the focus is now turning to auditors Ernst & Young (EY), which reportedly failed to...

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Today In Payments: Uber Money Head Resigns; Brussels To Investigate German Regulator Over Wirecard
Today In Payments: Uber Money Head Resigns; Brussels To Investigate German Regulator Over Wirecard
June 26, 2020  |  News

In today’s top news, Peter Hazlehurst, head of Uber Money, has resigned, and Brussels will investigate Germany’s financial regulatory authority over failing to supervise Wirecard....

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EY Under Scrutiny Over Wirecard Accounting Practices
EY Under Scrutiny Over Wirecard Accounting Practices
June 26, 2020  |  Cybersecurity

Ernst & Young (EY), the global accounting firm hired to verify Wirecard’s financials, failed to request crucial information from a Singapore bank where the German...

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Mastercard, Visa Said To Rethink Wirecard Deals Amid Accounting Scandal
Mastercard, Visa Said To Rethink Wirecard Deals Amid Accounting Scandal
June 26, 2020  |  Cybersecurity

Mastercard and Visa are considering ending their agreements with Wirecard to process payments on their networks as the German financial technology company’s accounting scandal unravels,...

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EY Says Wirecard Gave False Statements During 2019 Audit
EY Says Wirecard Gave False Statements During 2019 Audit
June 26, 2020  |  Cybersecurity

According to auditor Ernst & Young (EY), German payment processor Wirecard knowingly gave false statements and was in the midst of “elaborate and sophisticated fraud...

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Wirecard Files For Insolvency, Seeks Court Protection
Wirecard Files For Insolvency, Seeks Court Protection
June 25, 2020  |  News

Wirecard, the embattled Germany payment services company, said Thursday (June 25) it was filing for insolvency. Get the Full Story Complete the form to unlock...

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Wirecard’s End Appears To Begin In China
Wirecard’s End Appears To Begin In China
June 22, 2020  |  Cybersecurity

For Wirecard, does the end start in China? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

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