EY Problems a ‘Nightmare’ for Directors

Published 07/13/20 – Agenda

Bob Cox was recently quoted by Agenda (A Publication of The Financial Times) regarding Ernst & Young Germany’s audits of Wirecard.

German payments company Wirecard revealed last month that roughly $2 billion was missing from its accounts. For years, Big Four audit firm EY had audited the once celebrated fintech company, but auditors in the German office failed to directly verify that the cash existed, according to the Financial Times.

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