audit report News

UK Accounting Regulator Probes Greensill and Wyelands Bank Auditors

LONDON – Britain’s accounting regulator said on Monday it has opened investigations into the audits of Greensill Capital and Wyelands Bank as regulatory scrutiny of the companies intensifies. Wyelands Bank is owned by steel tycoon Sanjeev Gupta’s metals-to-finance empire GFG …

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

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 failings. Wirecard filed for protection from creditors through insolvency proceedings …

German Prosecutors Open Investigation into EY Auditors over Wirecard Collapse

MUNICH – German prosecutors on Friday opened an investigation into partners at EY who audited Wirecard , after an accounting watchdog filed a report accusing them of criminality in their work for the failed payments company. A spokeswoman for the …

German Lawmakers Agree to Corporate Accounting Reforms After Wirecard Scandal

Germany’s coalition parties have agreed a package of reforms to financial and accounting rules aimed at avoiding another Wirecard scandal, a document seen by Reuters shows. Lawmakers launched a parliamentary inquiry in an effort to force the government to reveal …

Audit: Damage, Thefts Cost Baton Rouge More than $100K in 2014

An audit report on the East Baton Rouge Parish Metro Council shows there was more than $100,000 in thefts and damage to the city in 2014, mostly from employees. The audit, released by the Legislative Auditor’s Office, revealed Department of …