Tuesday, 15 Sep 2020 09:54 PM MYT
LONDON, Sept 15 — Global accounting firm EY said today it regretted not spotting fraud at German payments company Wirecard sooner and that it would improve how it verifies information from clients through greater use of technology. “Many people believe that the fraud at Wirecard should have been detected earlier and we fully understand that. Even though we were successful in uncovering the fraud, we regret that it was not uncovered sooner,” EY’s Global Chairman and Chief Executive Carmine Di Sibio said in a note to clients.
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