Business
EY chairman admits ‘regret’ over Wirecard failure – The Australian Financial Review
Carmine Di Sibio, who has run EY since January 2019, wrote to clients amid a backlash against the group after it failed to identify a $3 billion fraud at the once high-flying payments processor it audited for a decade.
The letter, a copy of which was seen by the Financial Times, has been provided to EY partners around the world who manage some of the firms biggest audit and consulting client relationships. They will send it to senior executives at the companies they work with in a bid to mitigate the reputational fallout from EYs role in the Wirecard scandal.
The collusive acts of fraud at Wirecard were implemented through a highly complex criminal network designed to deceive everyone investors, banks, superv…
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