KPMG's Wirecard Report to Be Released April 27
23 April 2020 - 8:21AM
Dow Jones News
By Mauro Orru
Wirecard AG said late Wednesday that KPMG would release the
outcome of its probe into allegations of balance-sheet manipulation
at the company on April 27.
The German payments company commissioned an independent audit
after a series of reports in the Financial Times alleging
accounting impropriety.
Wirecard said the audit into its activities in India, Singapore,
its merchant cash advance division as well as third-party partner
business TPA so far provided no evidence of balance sheet
manipulation for 2016, 2017 and 2018, echoing comments Wirecard
made on March 12.
The company reiterated that it would publish 2019 results on
April 30.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
April 23, 2020 02:06 ET (06:06 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.