Allegations against auditors in the Wirecard case

Düsseldorf In the event of balance sheet scandals, the accounting firms of the companies concerned are also the focus of criticism. After all, it is they who, in a kind of sovereign act, attest to the correctness of the company balance sheets after intensive examination. When an auditor signs something, many consider it a golden stamp for authenticity.

The reality is often different, as the Wirecard case shows. The auditors of EY (formerly Ernst & Young) are accused of making mistakes. This raises many questions: Why didn’t the auditors recognize the tricks and air numbers? Did you let the client fool you?