Accountancy

EY Germany banned from new audits for two years over Wirecard scandal

EY audited Wirecard for more than a decade before its collapse

Apas has been investigating current and former EY staff for their role in the auditing of Wirecard
Apas has been investigating current and former EY staff for their role in the auditing of Wirecard Photo: Jeremy Moeller/Getty Images

EY has been banned from taking on new audits for major companies for two years by the German accounting watchdog Apas over the Wirecard scandal.

The firm has also been fined €500,000, the regulator said on 3 April.

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