Ernst & Young

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). A...

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

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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Wirecard Says Payouts To Merchants Will Continue Uninterrupted
Wirecard Says Payouts To Merchants Will Continue Uninterrupted
June 28, 2020  |  Digital Payments

Wirecard AG, the disgraced German payments provider that filed for insolvency last week over a $2.1 billion accounting scandal, told customers it’s business as usual...

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EY Under Scrutiny Over Wirecard Accounting Practices
EY Under Scrutiny Over Wirecard Accounting Practices
June 26, 2020  |  Security & Fraud

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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New Fears Over China’s Regional Banks As EY Quits
New Fears Over China’s Regional Banks As EY Quits
June 04, 2019  |  B2B Payments

China’s community banks are raising new fears over the health of the industry after auditor Ernst & Young resigned from its work with regional bank...

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KPMG Won’t Split Accounting, Auditing Units
KPMG Won’t Split Accounting, Auditing Units
May 20, 2019  |  B2B Payments

Despite recommendations from a U.K. authority, KPMG revealed it would not split up its accounting and auditing units. However, starting on June 1, the company...

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Bitcoin Daily: EY Reveals QuadrigaCX Owes $150M; Binance To Resume Transactions After Cyberattack
Bitcoin Daily: EY Reveals QuadrigaCX Owes $150M; Binance To Resume Transactions After Cyberattack
May 14, 2019  |  Bitcoin

QuadrigaCX’s final report revealed that the defunct exchange still owes around $160 million. The bankruptcy trustee Ernst & Young is now looking to recover additional...

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Ernst & Young, KPMG Reported To Danish Police For Money Laundering
Ernst & Young, KPMG Reported To Danish Police For Money Laundering
April 15, 2019  |  B2B Payments

Danish operations of Ernst & Young (EY) and KPMG are now under investigation by Danish police related to money laundering cases. According to Bloomberg, EY...

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EY Debuts Corporate Crypto Accounting, Tax Solution
EY Debuts Corporate Crypto Accounting, Tax Solution
March 06, 2019  |  B2B Payments

Corporate accounting and consultancy firm Ernst & Young is rolling out a new accounting solution designed to help businesses manage their crypto assets. EY announced...

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