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Germany moves to overhaul accounting oversight amid Wirecard scandal

Nina Trentmann  |  June 30, 2020

By Nina Trentmann, includes “Germany is overhauling its framework for accounting oversight following a financial scandal at Wirecard AG and is canceling the existing regulator’s contract after 2021. … The once-high flying electronic-payments company and member of the German Dax index of blue-chip companies on June 22 said the money missing from its balance sheet probably doesn’t exist, confirming earlier reports by banks which said they never held the funds.”

Read the full article on: The Wall Street Journal

 
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