As the fallout from Wirecard‘s $2 billion accounting scandal continues, some attention has turned to the Germany-based payment company’s auditor, Ernst & Young (EY). A report in The Wall Street Journal (WSJ) said EY is now facing claims that the firm failed to identify “unorthodox...
India has implicated two auditors working with Leasing & Financial Services (IL&FS) with 22 auditing violations that the country called “organized crime,” according to a report by Reuters. The two auditors, Deloitte Haskins & Sells and a KPMG affiliate, are both facing a five-year ban....
Internal auditors at Deutsche Bank found weaknesses in anti-money laundering processes resulted in checks and high-value electronic payments being processed without undergoing the proper vetting. The Financial Times, citing people familiar with the review, reported the lax anti-money laundering and sanctions controls were in place...
Most of the wallet contents from digital currency exchange QuadrigaCX have reportedly been sent to Ernst & Young (EY), a monitor appointed by the court for the company, CoinDesk reported. Through the crypto transfer, 51 bitcoins, 33 Bitcoin Cash tokens, 822 Litecoin tokens, 2,000 Bitcoin Gold...
June 13, 2019
India has implicated two auditors working with Leasing & Financial Services (IL&FS) with 22 auditing violations that the country called “organized crime,” according to a report by Reuters. The two auditors, Deloitte Haskins & Sells and a KPMG affiliate, are both facing a five-year ban. The alleged fraud was detected as part of a probe […]
June 10, 2019
Internal auditors at Deutsche Bank found weaknesses in anti-money laundering processes resulted in checks and high-value electronic payments being processed without undergoing the proper vetting. The Financial Times, citing people...
February 21, 2019
Most of the wallet contents from digital currency exchange QuadrigaCX have reportedly been sent to Ernst & Young (EY), a monitor appointed by the court for the company, CoinDesk reported....
