Why don’t auditors find fraud?
Regulators have put forward a series of proposals to clarify and extend responsibilities to spot wrongdoing and investors say they are willing to pay
Wirecard
Wirecard shareholders sue EY over alleged asset stripping in Germany
Lawyers for investors in collapsed payments group claim Big Four firm’s reorganisation made it harder to enforce claims
Vanished Wirecard executive thought to be living as Orthodox priest in Russia
Investigation by Germany’s Spiegel, Austria’s Standard and two other media outlets claims Jan Marsalek was helped escape by an erotic actress turned spy
Short seller Jim Chanos should be viewed by investors as a hero, not a zero
Chanos famously exposed the Enron scandal in 2001. He warned the G7 in May 2007 that a global financial crisis was coming
Letter from fugitive Wirecard executive sparks court clash
Former chief operating officer Jan Marsalek vanished after audit revealed €1.9bn hole in cash reserves
Singapore hands down first Wirecard criminal convictions
Two former executives given jail sentences related to collapse of once high-flying German payments group
EY chief executive to retire after failure of split plan
Work on doomed Everest project cost more than $600mn and triggered bitter infighting
Former auditors of Wirecard’s Irish unit fined and reprimanded
Sanctions come less than a month after wider Widercard group’s one-time auditors were fined by German authorities
German audit watchdog bans EY over Wirecard work
Big Four firm blocked from taking on listed companies as new clients for two years
Markus Braun’s stonewall testimony tests judge’s patience
Former Wirecard CEO maintains he has no responsibility for one of Europe’s biggest corporate frauds
Braun tells German court he had ‘no knowledge’ of fraud that resulted in Wirecard’s collapse
Former Wirecard chief executive in on trial in Munich along with two managers who worked at the online payments company
EY came close to uncovering Wirecard fraud in 2016
Collapsed payments firm’s trustee accidentally told auditor that he did not hold any money on its behalf
Lawyer of former Wirecard chief Markus Braun seeks suspension of trial
Prosecutors accused of ignoring crucial evidence and relying on witness who told ‘pack of lies’
Wirecard’s former CEO Markus Braun appears in court for historic trial
Executive denies any knowledge of or involvement in a €1.9 billion accounting fraud that brought down the electronic payments firm
Germany braces as Wirecard boss Markus Braun goes on trial in Munich
Collapse of fintech amid allegations of fraud is major embarrassment for German banking regulator and politicians
Germany charges former Wirecard chief with fraud and false accounting
High-profile firm collapsed last year amid allegations revenue and assets were faked
KPMG and Deloitte ‘corporate undertakers’ make their move as Irish businesses face triple threat
Joe Brennan: Might upcoming wave of troubled companies be handled differently to the post-crash victims?
German regulator fines Deutsche Bank €8.66m for Euribor controls
Fine is setback for Germany’s largest lender as it seeks to restore its reputation
Liquidators of Wirecard’s Irish arm focus fraud investigation on four key areas
Liquidators have completed two reports on Dublin firm’s collapse
Germany’s SPD accuses rival CDU of dirty tricks following raids on ministries
Olaf Scholz reacts to searches targeting party ministries two weeks before election
EY to spend €1.6bn on improving audit quality after scandals
Funding part of €8bn plan including training and fraud detection initiatives
Deutsche Telekom ups bet on US market with SoftBank deal
Deal will also see Japanese group take stake in German telecoms operator
Leading German asset manager takes Wirecard administrator to court
Lawsuit over losses to be watched closely by many including group’s former shareholders
Wirecard fraud started in 2010, former executive says
Oliver Bellenhaus tells German prosecutors he set up shell firms at Jan Marsalek’s behest
Irish investors in German ‘pyramid scheme’ have little hope
Over 20,000 investors in total committed savings into Charles Smethurst’s GPG
Stocktake: Short sellers are not the enemy
Shorts ‘play important role in detecting not just overpricing, but also fraud’ – study
Commerzbank fires its former Wirecard analyst
Heike Pauls had briefed managers at payment group about hedge fund’s criticism
Stocktake: Nothing noble about GameStop short squeeze
Despite the David v Goliath portrayal, Redditors’ moral outrage is misplaced
Could do better: the need for tougher board reviews
Glowing assessments adorned last annual reports of Wirecard and Carillion before they imploded
Fitch invests in AI start-up to better detect bank misconduct
Credit rating agency to expand how it evaluates lenders’ riskiness amid raft of scandals
Michael McAteer: ‘I just can’t believe that nothing can be saved’
Grant Thornton managing partner is optimistic about life after Covid
EY fraud unit found ‘red-flag indicators’ at Wirecard in 2018
Audit partners signed off accounts despite warnings from colleagues
Deutsche Bank executive steps aside over Wirecard allegations
Former EY partner Andreas Loetscher moves as prosecutors examine audits
Wirecard: Gardaí investigate alleged €400m fraud at Irish arm
Garda bureau investigating whether escrow account ever actually existed
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