Wirecard Says KPMG Delivers Report on Special Investigation
28 April 2020 - 8:58AM
Dow Jones News
By Mauro Orru
Wirecard AG said Tuesday that KPMG's audit into allegations of
accounting impropriety at the company found no incriminating
evidence of balance-sheet manipulation.
The German digital-payment services company said the probe into
its activities in India, Singapore, its merchant cash advance
division, as well as third-party partner business TPA, found no
incriminating evidence of balance sheet manipulation for 2016, 2017
and 2018.
Wirecard had previously indicated that auditing firm KPMG didn't
find signs of tampering with financial statements. On Tuesday, it
said that in all areas of the audit, "no substantial findings were
found which would have led to a need for corrections to the annual
financial statements for the investigation period 2016, 2017 and
2018."
The company commissioned an independent audit after a series of
reports in the Financial Times alleging accounting impropriety.
KPMG delivered the report to Wirecard early Tuesday, it said,
and it will be published shortly.
Wirecard also said it won't publish annual results on April 30
as planned. A new date wasn't provided.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
April 28, 2020 02:43 ET (06:43 GMT)
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