8/4/2020, 4:21 PM (Source: TeleTrader)
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BaFin auditing Wirecard's 2017-2019 records

Germany's Federal Financial Supervisory Authority (BaFin) said on Tuesday that it has been auditing Wirecard AG's records from 2017 to 2019.

The review is conducted due to the now-collapsed payment processing company's refusal to participate in the German Audit Office for Accounting's audit shortly before it filed for bankruptcy.

Yesterday, media reported that Ernst & Young Global Ltd. is being investigated by German regulators for its involvement in the Wirecard scandal.

Breaking the News / MD