An independent investigation by auditor KPMG into Wirecard found on Tuesday the German payments company did not provide sufficient documentation to address all allegations of accounting irregularities made by the Financial Times. Following the release of the report, Wirecard said the KPMG audit had not uncovered incriminating evidence to support allegations it manipulated its accounts and it would not restate its accounts for the years 2016 through 2018. “I would like to underline that, overall and in every point, the allegations were not confirmed,” CEO Markus Braun told a conference call with reporters. …read more
Source:: Yahoo Finance
