The sale of individual assets in the wake of the acquisition of the payment business from a company acquired by the Wirecard Group in the course of this transaction to a company associated with the seller was fully comprehensible by KPMG, both in terms of the contract and the settlement. Wirecard AG was handed the report on the special investigation by the auditing company KPMG in the early morning of April 28, 2020. In October 2019, internal documents published by the financial times showed that the sales and profits of key departments of wirecard may have been forged. Apr 28, 2020 2:43AM EDT (RTTNews) - Wirecard AG (WRCDF.PK) said Tuesday that it was handed the report on the special investigation by the auditing company KPMG… Just last year, wirecard fell into an accounting scandal. KPMG identified documentation and organizational weaknesses in the periodunder review, which have already been identified by Wirecard. VP Investor Relations/ Corporate Communications No incriminating evidence was found for the publicly raised accusations of balance sheet manipulation. MarketBrief: How to Maneuver More Volatility, Why Warren Buffett's Protege Just Bought This Dirt-Cheap Brick-and-Mortar Retailer, Morgan Stanley: 2 Stocks That Could Climb Over 40%, var dom1 = document.querySelector('#form1783 #field1');var field1 = new LiveValidation(dom1, {validMessage: "", onlyOnBlur: false, wait: 300});field1.add(Validate.Presence, {failureMessage:"This field is required"});field1.add(Validate.Format, {pattern: /^([^@\s]+)@((?:[-a-z0-9]+\. It’s about meaningful lives’. The publication of the annual financial statements and the annual press conference will not take place on April 30, 2020. Expert insights, analysis and smart data help you cut through the noise to spot trends, Missing bank records After watching Apple WWDC 2020, developers are worried, Beijing Internet and Information Office held an appointment to deal with three online live platforms, including “Pepper live” and “watermelon video”, Who will be the strongest VC / PE in China in the next decade, Storm video software, official website update, 0.99 yuan VIP online, who is behind the force, How are you doing in the golden week, which is “bundled” by online travel platforms? Wirecard, which has denied any wrongdoing, responded to the reports by delaying EY’s annual report for 2019 and hiring KPMG to provide an independent assessment of the company’s books. KPMG reported that shortly after the launch of the special audit, a trustee in charge of the main bank accounts resigned. We provide both business customers and consumers with a constantly expanding ecosystem of real-time value-added services built around innovative digital payments by using an integrated B2B2C approach. Wirecard will coordinate with the auditors E&Y as quickly as possible when the audit work can be completed, taking into account the Corona-related restrictions and the KPMG report. “We do not fully understand the ‘gross accounting’ of the revenue generated by wirecard and (third party acquisition partners),” KPMG wrote KPMG noted that it did not receive the necessary relevant documents during the investigation. It will be published at https://www.wirecard.com/transparency as soon as possible. The stock price of film companies declines after the National Day Archives: uncertainty remains, film shortage at the end of the year. An independent audit into Wirecard AG concluded that it was unable to obtain the data needed to confirm past revenues, and criticized the payment processor for internal “shortcomings” and unwillingness by its third-party partners to contribute to the report. At the heart of KPMG’s report is the issue of third-party business. Just last month, wirecard also told investors that it would notify investors in a timely manner if the audit investigation made substantial progress. However, a report released by KPMG on Tuesday led to a sharp drop in wirecard’s share price. Wirecard “neither tracks nor monitors” these “know your customer” compliance checks conducted by its partners as an important rule to prevent money laundering, the report said. Ey has approved wirecard’s accounts and believes they will be appropriate within 10 years and is expected to approve them again this week. Wirecard AG made all payments in connection with the takeover of the Indian Group's "payment business" exclusively to the seller, whose beneficial owner could not be finally verified by KPMG on the basis of public registers. Wirecard AG: KPMG delivers report on special investigation "I actually received the upgrade prompt of windstorm audio and video, and I also launched a new VIP service. Shares dropped as much as 22%, the biggest intraday decline since February 2019. In the course of the audits of the annual financial statements for the years 2016 to 2018, the available evidence and audit procedures were sufficient to provide evidence of the revenues from third-party partner business (TPA). This did not give rise to any indications of discrepancies between the sales revenues reported and the account balances. Wirecard will coordinate with the auditors E&Y as quickly as possible when the audit work can be completed, taking into account the Corona-related restrictions and the KPMG report. Wirecard (GER:WDI) is one of the world's fastest growing digital platforms in the area of financial commerce. Like software giant sap, wirecard claims to have a global business that can provide critical services essential to future businesses. Wirecard AG published this content on 28 April 2020 and is solely responsible for the information contained therein. Are Markets Underpricing Pandemic Impact? Wirecard believes there is no place for correction, but “some weaknesses in the process need to be addressed.” (Sakura). The company said KPMG didn't find any manipulation in all four areas of the audit that would have led to a need for correction of the annual financial statements for the 2016, 2017 and 2018 period. Who will be the strongest VC / PE in China in the next decade?