Ernst & Young

Audit Standards On Hot Seat In Wake Of Wirecard Scandal

Audit Standards On Hot Seat In Wake Of Wirecard Scandal
Audit Standards On Hot Seat In Wake Of Wirecard Scandal
July 02, 2020  |  Cybersecurity

The former chair of the London Stock Exchange is calling for a thorough overhaul of audit standards in the wake of the $2.1 billion Wirecard...

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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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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  |  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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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. Get the Full Story Complete the form...

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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. Get the Full Story Complete the form to unlock this article and...

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