HomeBusinessAccounting firm EY calls off 'Project Everest' to break up firm

Accounting firm EY calls off ‘Project Everest’ to break up firm


Earlier this month, Germany’s accounting watchdog fined and banned EY for its handling of Wirecard’s audits, the insolvent electronic payment processor. It owes creditors almost $4bn, after admitting a €1.9 never existed on its books as part of a global fraud operation. The ban forbids EY from conducting audits on certain companies for two years.



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