According to Bloomberg News and Accounting Today, accounting firm Ernst & Young was sued over its work for Wirecard AG, just two days after Wirecard’s headquarters were raided as part of a market manipulation probe.
- What is Wirecard AG?
- What does E&Y’s suit allege?
- Discuss what the issues are related to Wirecard’s purported fraud.
Mattusek, K. (2020) Ernst & Young sued over Wirecard as accounting woes add up. Accounting Today, June 8 (Retrievable online at https://www.accountingtoday.com/articles/ernst-young-sued-over-wirecard-as-accounting-woes-add-up?)