Financial Reporting Enforcement Panel news and trends

Wirecard Forces ‘Radical’ Reboot Of German Accounting Regs

June 28, 2020
german-accounting-regulations
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Wirecard Forces ‘Radical’ Reboot Of German Accounting Regs

June 28, 2020
As the fallout from Wirecard’s troubles unfold, Germany’s deputy finance minister has called for radical solutions to fix how accounting firms are regulated, the Financial Times reported. The government is expected to end its contract with the Financial Reporting Enforcement Panel (FREP), the country’s accounting watchdog, as early as Monday, sources told the Times. “We […]