June 26, 2020 / 11:03 AM / 6 days ago

Accounting firms must help in Wirecard case - Germany

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

BERLIN (Reuters) - Auditors must help with clearing up the case of Wirecard, the payments firm which disclosed a hole in its books that accountants EY said was the result of a sophisticated global fraud, the German economy ministry said on Friday

“Of course, they (accounting firms) have to recognise errors in balance sheets early on and when something went wrong, they have to actively help clearing it up,” a ministry spokeswoman said at a regular news conference.

Chancellor Angela Merkel’s spokesman Steffen Seibert called the case worrying and added that possible oversight weaknesses must be fixed.

Reporting by Thomas Seythal; Writing by Michelle Martin; Editing by Joseph Nasr

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