The company is the clear loser in the latest round of new contracts among the Dax companies.
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Dusseldorf The legally prescribed rotation in the balance sheet audit leads to a significant change in the power structure of the auditors in the Dax. The clear loser in the latest round of new assignments is EY: The company has not been able to win a new auditor mandate in Germany’s top stock exchange league since 2020. As a result of the Wirecard scandal, whose souped-up balance sheets have been certified by EY for years, the company is avoided by listed companies in the audit.
After the completion of the most recent round of changes, the Dax is dominated by far by PwC, whose market share has risen to 40 percent. Deloitte is also a winner with seven mandates won since 2021.
According to information from industry circles, Deloitte also won the audit mandate for the chemical trader Brenntag a few days ago. The company thus has a market share of 20 percent in the Dax and overtakes the long-time leader KPMG. KPMG once checked more than half of the Dax companies, in the future it will only be 17.5 percent.
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