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Wirecard woes mount for EY as clients cut auditor

Hugo Miller and Birgit Jennen

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KfW, Germany's third-largest bank by assets, may drop EY as auditor as the firm continues to be plagued by its role in the country's Wirecard accounting scandal.

The German government is taking a close look at the auditing of state-run KfW, and is considering dropping EY, according to two people familiar with the discussions. No decision had been made, and the tender remained open, they said.

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    Original URL: https://www.afr.com/companies/professional-services/wirecard-woes-mount-for-ernst-young-as-clients-cut-auditor-20200923-p55yjr