Mike Masoud
May 22, 2021
On May 20, 2021, the Financial Times 1 reported that EY refused to provide the German MPs with 150 documents cited in the report of Martin Wambach, a partner at accounting firm Rödl & Partner who investigates EY’s unqualified audit reports of Wirecard for more than ten years. I expressed my initial reaction on LinkedIn as you may see below.
The Wirecard scandal is far too large to be ignored or tainted! As experts and watchdogs, we agree we are only in the early stages of this massive corruption investigation. I am aware of the audit working papers’ strict confidentiality. However, I am aware that the entire audit file may be subpoenaed by a judge. To find out what happened, I believe the relevant German court(s) should subpoena EY’s Wirecard audit files for ten years. We’ll never know if EY’s auditing was outstanding, negligent, or grossly negligent if we don’t ask.
Notes
1 Read more on https://www.ft.com/content/a24fcb3f-20f5-4b04-b02d-1e2a0a5c2311
