Financial Times: EY faces mounting pressure to disclose Wirecard details to German parliament

Financial Times: EY faces mounting pressure to disclose Wirecard details to German parliament

"EY partners are facing mounting pressure to provide detailed evidence to Germany’s parliament about a decade of their work auditing Wirecard after the defunct payments provider’s management and supervisory boards released the Big Four firm from its duty of confidentiality. (...)

In a letter dated November 23, the management board informed the parliamentary inquiry that it had lifted the secrecy obligations on EY. The letter was signed by Wirecard’s chief financial officer Alexander von Knoop and chief product officer Susanne Steidl. The group’s supervisory board took a similar decision on Wednesday, according to people familiar with the decision. Fabio De Masi, an MP for Germany’s leftwing Die Linke party, who published the letter on Twitter on Tuesday night, said: “The door should now be left open for testimony by the auditors.”"