EY Backs Wirecard Investigation, Says Can’t Give Audit Details

Ernst & Young continues to fully support official investigations into the Wirecard AG case, but says German rules covering the duty of confidentiality for auditing firms won’t allow it to reveal details at an upcoming parliamentary hearing.

• “Clarifying the events at Wirecard is a top priority for EY and is in the audit firm’s own best interests,” the company said in an emailed statement on Sunday.
• EY “will contribute to the clarification of the case” on Thursday before a German parliamentary committee investigating the fraud “within the narrow limits of the legal duty of confidentiality,” it said.
• “However, the strict ...