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Germany’s Commerzbank Sues EY for Losses Incurred in Wirecard Collapse

Jan 23 2023 // The German lender Commerzbank is suing accounting firm EY over the 200 million euros ($216.12 million) in losses that it incurred in the collapse of Wirecard, a bank spokesperson said on Thursday. Wirecard’s downfall...

People Moves: WTW’s Hires EY’s Mayers for Commercial Lines Pricing, Underwriting; Hiscox Names Flaquet to Newly Created Role of Group COO

Jun 28 2022 // This edition of International People Moves details appointments at Willis Towers Watson (WTW) and Hiscox. A summary of these new hires follows here. WTW’s Hires EY’s Mayers for Commercial Lines Pricing,...

EY Sued in UK for Alleged Negligence in Audits of Troubled Hospital Operator, NMC

May 2 2022 // The administrators of NMC Health PLC have filed a lawsuit against EY in the United Kingdom for alleged negligence on the audit work it did for the troubled hospital operator between 2012 to 2018, a spokesperson said. NMC,...

EY Fined $4.8M by UK Accounting Watchdog Over Audit of Transport Firm Stagecoach

Aug 25 2021 // Britain’s accounting watchdog said on Wednesday it has fined Ernst & Young LLP 3.5 million pounds ($4.80 million) over the audit of transport firm Stagecoach Group’s financial statements in 2017. The...

EY and Germany’s Finance Minister Blamed for Oversight Failings in Wirecard Collapse

Jun 23 2021 // BERLIN – German lawmakers presenting a report Tuesday into the collapse of the payment processing company Wirecard accused the country’s finance minister and auditors Ernst & Young of numerous oversight...

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