EY banned and fined by German regulator over Wirecard work

No decision yet on whether auditor acted with intent or was negligent.

German audit watchdog Apas has banned EY from taking on any new listed audit clients in the country for two years because of failures in work carried out for Wirecard.

The regulator has also imposed a fine of €500,000 ($547,000) on the audit giant, alongside fines of between €23,000 ($25,000)

The penalty is a

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