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Danske’s EY Auditors Face Disciplinary Action for Failures (2)

Jan. 29, 2020, 1:36 PM

Denmark’s business watchdog said it has brought two auditors before a disciplinary board after concluding they violated regulations while reviewing Danske Bank A/S, the lender caught up in Europe’s biggest money laundering scandal.

The Danish Business Authority said the auditors’ work on the bank’s 2014 financial statements “was not performed in accordance with generally accepted auditing standards and not sufficiently documented,” according to a statement dated Jan. 28. The agency didn’t name the people.

Danske’s auditors have come under fire for failing to pick up signs of possible money laundering at Copenhagen-based Danske. Last year the Business Authority reported ...