EY prepared an unqualified audit opinion on Wirecard’s accounts in early June, conditional on a few actions from the company that weeks later collapsed in one of Europe's biggest accounting frauds.
The Big Four firm delivered a draft version to Wirecard of its official audit opinion, which accountants typically share with clients to give them the opportunity to fact check numbers and assessments.
The draft opinion rejected allegations made by whistleblowers as well as serious concerns raised by a KPMG special audit into Wirecard’s accounting which was published in late April.
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