Anonymous ID: 7d17a5 Dec. 11, 2020, 3:22 p.m. No.11986307   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun

Who Will Guard The Guards Themselves?

From todayโ€™s Financial Times:

 

Germany is to probe the head of the countryโ€™s audit watchdog after he admitted to buying and selling shares in Wirecard while his own institution was investigating the fraudulent payments companyโ€™s auditor.

 

Ralf Bose, a former senior partner at Big Four auditor KPMG, who has headed Apas [Germanyโ€™s auditor oversight body] since 2016, told the parliamentary inquiry into the accounting scandal on Thursday evening that he purchased Wirecard shares in April and sold them โ€” at a loss โ€” the following month. At that time, Apas was in confidential talks with Germanyโ€™s financial regulator BaFin over Wirecard.