BERLIN (Reuters) – An independent investigation by auditor KPMG into Wirecard (WDIG.DE) found on Tuesday the German payments company did not provide sufficient documentation to address all allegations of accounting irregularities made by the Financial Times.
FILE PHOTO: Markus Braun, CEO of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions attends the company’s annual news conference in Aschheim near Munich, Germany April 25, 2019. REUTERS/Michael Dalder/File Photo
Following the release of the report, Wirecard said the KPMG audit had not uncovered any incriminating evidence to support allegations it manipulated its accounts and it would not restate its accounts for the years 2016 through 2018.
“I would like to underline that, overall and in every point, the allegations were not confirmed,” CEO Markus Braun told a conference call with reporters.
KPMG is continuing its analysis for last year after receiving fresh…
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