Tag: Audit
Farewell to Everest: EY cancels split
Good morning, dear readers, maybe it’s just not a good idea to name a project after a mountain that, according to US statistics, about one in three attempted climbs fail.…
Accountant EY calls off split
Auditors EY has invested over $100 million in Project Everest. (Photo: IMAGO/Michael Gstettenbauer) new York The auditing and consulting firm EY has stopped its planned split. This was announced by…
The deputy editor-in-chief’s weekly recap
Good morning everyone, Norbert Blüm was Minister for Labor and Social Affairs under Chancellor Helmut Kohl for 16 years. Nothing is more memorable from his political work than the statement…
What the auditors need to change now
EY office building: For the company, the penalty of the auditor oversight is another damage to the image. (Photo: dpa) Dusseldorf There have never been such severe sanctions from the…
EY is not allowed to take on audit mandates at stock exchange groups
EY office in Berlin The decision of the auditor oversight Apas to EY is considered a milestone in the processing of the Wirecard scandal. (Photo: dpa) Dusseldorf, Berlin In connection…
China tightens oversight of auditors
Deloitte CEO Sharon Thorne at a business forum in Beijing US society is the first to feel the harsher actions of the Chinese authorities. (Photo: Reuters) Dusseldorf China is taking…
“Big Four” challenger Grant Thornton becomes an inspector at Porsche Holding
Logo at Porscheplatz in Stuttgart The holding company of the Porsche and Piëch families is also based here. (Photo: IMAGO/Arnulf Hettrich) Dusseldorf In the future, the balance sheets of Porsche…
The best tax firms and auditors 2023
tax advice Finding employees is also becoming increasingly difficult for tax offices and auditors. (Photo: Imago) Cologne They shouldn’t be available until the end of October. Then the deadline was…
How EY wants to save the split project
EY office building in Berlin The company wants to separate the consulting business from the auditing. (Photo: dpa) Dusseldorf The auditing company EY is striving for a speedy solution to…
Test case against EY over Wirecard bankruptcy begins
Frankfurt Damaged Wirecard shareholders are now taking on the auditor EY. On Monday, the Bavarian Supreme Regional Court (BayObLG) in Munich appointed the private investor Kurt Ebert as model plaintiff…
BDO appoints new management duo – CEO Holger Otte resigns
BDO boss Holger Otte At the end of June, the 70-year-old will step down as CEO of the auditing company. (Photo: BDO) Dusseldorf The fifth-largest German auditing firm, BDO, will…
US partners are struggling to divide up staff
EY company building The company wants to split into independent auditing and consulting companies. (Photo: dpa) Dusseldorf The planned split of the auditing and consulting company EY will be further…
Grant Thornton: Dax mandate for the auditor
Grant Thornton boss Michael Häger: The head of the German auditor will step down in October. (Photo: Warth & Klein Grant Thornton) Dusseldorf The Düsseldorf auditing company Grant Thornton will…
Public debt: Federal Audit Office warns of “loss of control”
Berlin The Federal Court of Auditors admonishes the federal government because of the sharp increase in debt. “In order to prevent an impending loss of control over federal finances, the…
KPMG Law separates from suspicious partner after raid
Frankfurt skyline Apparently, KPMG Law was late in recognizing that one of its partners was no longer tenable. (Photo: Reuters) Cologne It’s over again after less than six months: KPMG…
Mazars: auditor wants to win Dax mandate
Dusseldorf n F Mazars office building The French are among the top ten auditors in Germany. (Photo: Mazars) The auditor Mazars is preparing to take on a mandate in Germany’s…
Munich judiciary groans under lawsuits
Markus Brown After the Wirecard scandal, the former CEO has to answer in court. (Photo: AFP/Getty Images) Cologne On June 25, 2020, Wirecard AG filed for insolvency – shortly afterwards…
EY Germany is cutting jobs – even highly paid partners have to go
EY offices in Stuttgart The company intends to strengthen its profitability before the planned split into two independent companies. (Photo: imago images/Arnulf Hettrich) Dusseldorf The auditing company EY is streamlining…
Previous EY examiners relinquish licenses
EY offices in Düsseldorf Since 2020, the Apas supervisory authority has been examining whether and to what extent auditors violated their obligations in their work for Wirecard and what the…
Commerzbank is suing auditor EY over Wirecard losses
Commerzbank The major German bank is trying to recover its losses from the Wirecard bankruptcy in court. (Photo: dpa) Frankfurt Commerzbank wants to recover losses of around 200 million euros…