Earlier today, German audit watchdog Apas announced that it was banning EY from taking on new listed clients for two years and fined it €500,000 for its failures in auditing Wirecard. Apas also fined five current and former EY employees between €23,000 and €300,000 each.
In the statement, Apas wrote that it "considered violations of professional duties during the audits of Wirecard and Wirecard Bank from 2016 to 2018 as proven."
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