In the report Wambach found that the 2014 to 2016 audits suffered from serious shortcomings. While the outsourced business was “very material” for Wirecard, the annual report lacked “further information (in particular quantitative information)”, the report said. Details of the TPA business were officially disclosed for the first time only in April 2020, when the report of KPMG’s special audit into Wirecard was published. EY said that it would “also carefully consider the additional report of the special investigator as soon as it is received”. MPs are turning to Germany’s highest court in a bid to force the publication of the unredacted report, which is opposed by EY.

Source: The Irish Times May 21, 2021 12:30 UTC