Advertisement
Canada markets closed

  • S&P/TSX

    21,873.72
    -138.00 (-0.63%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • DOW

    38,460.92
    -42.77 (-0.11%)
     

  • CAD/USD

    0.7297
    -0.0023 (-0.32%)
     

  • CRUDE OIL

    82.87
    +0.06 (+0.07%)
     

  • Bitcoin CAD

    87,940.96
    -3,112.45 (-3.42%)
     

  • CMC Crypto 200

    1,386.67
    -37.43 (-2.63%)
     

  • GOLD FUTURES

    2,329.80
    -8.60 (-0.37%)
     

  • RUSSELL 2000

    1,995.43
    -7.22 (-0.36%)
     

  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     

  • NASDAQ futures

    17,486.00
    -178.50 (-1.01%)
     

  • VOLATILITY

    15.97
    +0.28 (+1.78%)
     

  • FTSE

    8,040.38
    -4.43 (-0.06%)
     

  • NIKKEI 225

    38,460.08
    +907.92 (+2.42%)
     

  • CAD/EUR

    0.6818
    -0.0018 (-0.26%)
     

Germany's BaFin examines EY as auditor after Wirecard scandal: Handelsblatt

Reuters
·1 min read
Logo of of Ernst & Young is seen in Zurich

BERLIN (Reuters) - Germany's financial regulator BaFin is examining EY's suitability as a financial auditor following the collapse of payment services firm Wirecard, Handelsblatt newspaper reported on Tuesday, citing an economy ministry document.

"Bafin is currently investigating whether an examination of company financial statements by Ernst & Young GmbH WPG would endanger achieving the purpose of the examination," the ministry said.

In December, German prosecutors opened an investigation into partners at EY over the Wirecard scandal after an accounting watchdog filed a report accusing them of criminality in their work for the failed payments company.

EY has lost a number of prominent contracts since news of the Wirecard scandal broke.

(Reporting by Riham Alkousaa; Editing Madeline Chambers)