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Wirecard Saga Reignites Debate Over Auditors’ Role In Combatting Fraud

PYMNTS

As the fallout from Wirecard ‘s $2 billion accounting scandal continues, some attention has turned to the Germany-based payment company’s auditor, Ernst & Young (EY). The Auditor’s Role. Fraud Concerns Arise. ” Swift Blowback. As seen in recent weeks, the review was not resolved. ” In the U.K.,

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Friday Footnotes: Burner Phones For Big 4 Firms; Mandatory Unpaid Leave Rumors; CISOs Hate on CPAs | 12.1.23

Going Concern

Chartered* accountancy? Chartered Accountancy. How Deloitte gave AR postcards the personal touch [ The Drum ] Deloitte has won the Print category at The Drum Awards for B2B. Then an auditor will come in and charge as much as we do and only do one-tenth of the work. [ Forbes ] This is an ad, right?

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UK Accounting Watchdog Ramps Up Fines

PYMNTS

The newly aggressive tactics suggest the FRC took note of criticism by policymakers that the regulator was ineffective and “toothless” to address substandard auditing by the nation’s Big Four auditors: KPMG, PwC, Ernst & Young and Deloitte. Meanwhile, other lawmakers have called on the FTC and the U.K.’s