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