KPMG's Wirecard Probe Didn't Find Signs of Tampering in Financial Statements
13 März 2020 - 7:49AM
Dow Jones News
By Mauro Orru
Wirecard AG said late Thursday that KPMG's "largely completed"
probe into its activities in India, Singapore and the merchant cash
advance division didn't find signs of tampering in its financial
statements for 2016, 2017 and 2018.
The German payments company commissioned an independent audit by
KPMG following a series of reports in British newspaper the
Financial Times alleging accounting impropriety at the company.
"From today's perspective, these parts of the special
investigation have not produced any substantial findings in these
areas of investigation that would lead to a need for correction of
the annual financial statements for the 2016, 2017 and 2018
investigation periods," Wirecard said.
Wirecard said the probe of third-party partner business TPA is
still continuing, adding that it should be completed by April 22,
citing the need for an extended investigation due to travel
restrictions originating from the coronavirus pandemic.
Wirecard said it would postpone the publication of its annual
financial statements and press conference to April 30, from April
8, "in order to be able to take due account of KPMG's audit
findings within the context of the ongoing preparation and audit of
the annual and consolidated financial statements for fiscal
2019."
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
March 13, 2020 02:34 ET (06:34 GMT)
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