Audit

Wirecard’s Missing Cash Brings Accounting Saga To New (Perhaps Final) Chapter 

Wirecard’s Missing Cash Brings Accounting Saga To New (Perhaps Final) Chapter 
Wirecard’s Missing Cash Brings Accounting Saga To New (Perhaps Final) Chapter 
June 19, 2020  |  Security & Fraud

Cash, they say, is king.  And when cash disappears from the bank (and thus from corporate coffers) — under mysterious circumstances with a convoluted backstory...

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Wirecard CEO Out After Auditors Reported $2B Is Missing
Wirecard CEO Out After Auditors Reported $2B Is Missing
June 19, 2020  |  Security & Fraud

The founder and CEO of Wirecard AG resigned Friday (June 19) one day after auditors revealed 1.9 billion euros ($2.1 billion) were missing from the...

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Wirecard Delays Annual Report After Auditors Can’t Confirm $2.1B In Cash Exists
Wirecard Delays Annual Report After Auditors Can’t Confirm $2.1B In Cash Exists
June 18, 2020  |  Security & Fraud

Wirecard has postponed publication of its 2019 annual report after disclosing that its auditor can’t confirm the existence $2.1 billion in trust accounts — or...

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Wirecard CEO Won’t Resign Despite Questions Raised By Audit
Wirecard CEO Won’t Resign Despite Questions Raised By Audit
May 04, 2020  |  Security & Fraud

Despite an audit that raised questions about operations at Wirecard, a publicly traded financial services provider based in Munich, its CEO has ignored calls to resign....

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Mnuchin: SBA PPP Loans Over $2M Face Audits Before Forgiveness
Mnuchin: SBA PPP Loans Over $2M Face Audits Before Forgiveness
April 29, 2020  |  Loans

Any small business getting an emergency coronavirus loan from the Small Business Administration (SBA) greater than $2 million will be subject to an audit, Treasury...

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Wirecard Says Audit Finds No Account Manipulation
Wirecard Says Audit Finds No Account Manipulation
March 13, 2020  |  Security & Fraud

German payments company Wirecard said that an auditing firm it hired found no evidence of account manipulation, according to a report by Reuters.  Get the...

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Wirecard Chairman Resigns After Resisting Calls For Audit
Wirecard Chairman Resigns After Resisting Calls For Audit
January 13, 2020  |  International

Following months of debate, Wirecard chairman Wulf Matthias, citing personal reasons, has stepped down, the Wall Street Journal reported on Saturday (Jan. 11). Get the...

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Deutsche Bank Admits Widespread Payment Failures To BoE
Deutsche Bank Admits Widespread Payment Failures To BoE
November 12, 2019  |  Bank Regulation

Deutsche Bank told U.K. regulators that it still has ongoing problems processing high-value payments despite more than three years of remediation efforts, the Financial Times...

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Where The Tax Man Will Knock Louder Post-Wayfair — And Sooner
Where The Tax Man Will Knock Louder Post-Wayfair — And Sooner
November 07, 2019  |  Taxes

The tax man looms across state and international borders, searching for digitally derived dollars due — scanning sites, platforms and even pop-up stores. Get the...

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