Auditor EY Facing Probe in Wirecard Scandal: Prosecutor
Image Credits: Financial Times
Berlin, Dec 4 (AFP/APP): An investigation has been launched in Germany against auditor Ernst & Young (EY), which was responsible for checking accounts at the disgraced electronic payments company Wirecard, the Munich prosecutor’s office said Friday.
The preliminary investigation follows notification by the German auditing watchdog APAS regarding EY, which had checked Wirecard’s accounts, a spokeswoman for the office told AFP. Wirecard was placed in liquidation in August, with debt of 3.2 billion euros ($3.9 billion).
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