After trying to discredit a report about its dodgy accounting practices, Germany-based Wirecard is facing demands from analysts for comprehensive information about its bookkeeping practices, The Financial Times (FT) reported on Wednesday (Oct. 16). The report about the digital payments company’s suspect accounting resulted from...
Germany-based Wirecard is once again facing allegations of accounting fraud by the Financial Times (FT). The FT reported this week that its review of internal company spreadsheets and correspondence within Wirecard’s financial team casts “further doubt” on Wirecard accounting practices, alleging that the documents “appear...
German financial and payments company Wirecard has filed a lawsuit against the Financial Times for a series of articles the news organization wrote alleging misconduct and fraud in its accounting, Reuters reported. The suit was filed on Thursday (March 28) at the Munich regional court...
In the wake of the Conservative Party’s surprise victory in the snap elections held in Britain last week, negotiations over Brexit will go on, embattled Prime Minister Theresa May said this week. Negotiations are slated to begin as soon as next week, with at least...
October 21, 2019
Wirecard’s chairman Wulf Matthias does not believe that his company needs an independent forensic audit, despite the fact that the company has been accused of fraudulently inflating sales and profits. “Prima facie, EY is evaluating the matters sufficiently,” he told The Financial Times. His comments come after FT published documents last week allegedly provided by […]
October 17, 2019
After trying to discredit a report about its dodgy accounting practices, Germany-based Wirecard is facing demands from analysts for comprehensive information about its bookkeeping practices, The Financial Times (FT) reported...
March 28, 2019
German financial and payments company Wirecard has filed a lawsuit against the Financial Times for a series of articles the news organization wrote alleging misconduct and fraud in its accounting,...
November 22, 2016
The European Commission is on track to debut a number of provisions as early as Wednesday (Nov. 23) that would “mirror” rules in place governing US banks and would serve...
