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