The corona crisis hits the consulting industry briefly and violently

The consultant climate surveyed by the Munich Ifo Institute for the Handelsblatt slipped to an all-time low in April. More than 55 percent of the consultants surveyed expected their business situation to deteriorate – for the first time the number of pessimistic voices in the industry outweighed the optimistic ones. But at least: Almost a […]

The German “balance police” is about to end

Missing billions at Wirecard The German government accuses the privately organized DPR of failing to audit Wirecard’s balance sheet. (Photo: dpa) Düsseldorf On July 3, 2015, the then Federal Minister of Justice Heiko Maas (SPD) put warm words into a speech. He spoke on the tenth anniversary of the German Audit Office (DPR), which is […]

Allegations against auditors in the Wirecard case

Wirtschaftsprüfungsgesellschaft EY A wave of lawsuits is rolling towards the company. (Foto: Getty Images; Per-Anders Pettersson) 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 […]

Criminal charges, raid, annual balance – Wirecard under constant stress

Frankfurt The investigators were discreet when they searched the headquarters of payment service provider Wirecard last Friday. No flashing lights, no conspicuous police force caused a sensation in the industrial area in Aschheim near Munich. The prosecutors were targeting the data on the laptops and smartphones of the board members of the Dax group. The […]

The end of the special stage is postponed again

Munich / Frankfurt The completion of the special balance sheet check at Wirecard is postponed again. “Wirecard AG was recently informed by the auditing firm KPMG that KPMG will present the results of the ongoing special investigation on Monday, April 27, 2020,” the group said on Wednesday evening. “In the remaining days, incoming data should […]

Dax group Wirecard: Clarification in installments

Frankfurt / Munich Markus Braun can breathe a sigh of relief, at least for the time being. The special test by KPMG relieved Wirecard to a large extent. Clarification is still pending in other areas. It is therefore quite possible that the CEO of the payment service provider from Aschheim near Munich will have to […]