Balance sheet amounted to: In the case of Wirecard, the System has failed

out no Matter how the case, Wirecard at the end, for the auditor and the auditor oversight is already clear today that it cannot go on like this. Although, has

Balance sheet amounted to: In the case of Wirecard, the System has failed

out no Matter how the case, Wirecard at the end, for the auditor and the auditor oversight is already clear today that it cannot go on like this. Although, has made as of today, no test, guilty, but it has been shown to Wirecard, that today's economy need to test and its supervision to long to get fraud on the ropes. You need to extend your work much more on possible fraud offences and fraud-prone balance sheet items under the microscope. What was the point of the auditor many wise forensics consultant?

The audit must also cast a sharper eye on risk management in the company and check whether the internal instruments are suitable, such as Controlling or audit, fraud quickly uncover. As in previous cases, shows also in the case of Wirecard, that complex structures via special purpose vehicles and escrow solutions are not fraud per se, fraudsters simplify the business.

questions you must ask yourself, the Supervisory bodies. The balance sheet, the police has tried with only one Person remotely via written requests, errors in the half-year to uncover report of Wirecard, is a laughingstock. Since the present System would have given more if you had wanted to. You have underestimated the case at the Deutsche Prüfstelle für rechnungslegung, apparently, to excess. But also, with proper weighting, the organization would not have been able to quickly identify errors. You must, therefore, think about whether you can make in the event of acute suspected cases, such as Wirecard, an action capable of engaging the group together. The staff is in the industry and can be provided by the audit firms.

Updated Date: 29 June 2020, 10:20

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