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Börse Express – Confederation terminates contract with auditors after Wirecard scandal

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The federal government is moving after the billion dollar scandal of the Dax group Wirecard
first consequences. The Federal Ministry of Justice and the Federal Ministry of Finance will terminate the contract with the German Accounting Office (DPR). Both ministries had agreed on this, a spokesman for the justice department confirmed on Sunday. The “Bild am Sonntag” had previously reported.

The DPR, which is organized under private law, controls the balance sheets on behalf of the state and, according to the ministries, has failed in the case of Wirecard, writes the “Bild am Sonntag”. At the DPR, no comment was initially available.

According to the DPR, the Federal Financial Supervisory Authority (Bafin) had advised in February 2019 that there were inconsistencies in Wirecard’s 2018 half-year results. “We reacted immediately and arranged for an audit of the balance sheet at the German Accounting Office (DPR) in mid-February 2019,” said a spokeswoman on request. The Bafin was not responsible for the audit. The DPR alone is responsible at the first stage. The test there took so long. The “Bild” newspaper had previously reported.

According to a report by the “Frankfurter Allgemeine Sonntagszeitung” (FAS), the inspection agency, also known as the “balance sheet police”, has only a small number of staff. In the past 16 months, only one single employee had been entrusted with the complex and complex inspection. At the DPR, no comment was initially available on this.

According to FAS, the division of tasks between Bafin and DPR is also at the center of the EU Commission’s hard criticism of Germany in the Wirecard case. The EU meanwhile has the actions of German financial regulators in the balance sheet scandal checked by the European securities regulatory authority ESMA. / Sl / DP / zb

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AXC0041 2020-06-28/12:17

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