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…
-
General12 hours agoBritish and US planes fly 12-hour mission to patrol Russian border
-
Noosa News16 hours agoWarm weather could make way for rain with ‘damaging winds, large hail’
-
Noosa News22 hours agoBrisbane muralist explains why he ended his plan to eat one chicken a day for a year
-
General15 hours agoYoung boy flown to Brisbane hospital after K’gari dingo attack