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 often referred to as the German “balance police”. It is your job to take a close look at the companies’ annual financial statements and to identify any mistakes.

At the ceremony in the Konzerthaus on the Gendarmenmarkt in Berlin, Maas spoke of the fact that the founding of the DPR “increased confidence in the capital markets and strengthened our economic order”. Although he advised the committee to modernize the content, he did not doubt its meaningfulness.

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