Click to Enlarge
Facebook
Twitter
The Financial Times’ lead story concerns scandal-hit German payments firm Wirecard, which filed for insolvency this week. The FT reports that auditors EY “failed for more than three years to request crucial account information from a Singapore bank” where it “claimed it had up to €1bn in cash”. The paper says the “routine audit procedure” could have “uncovered the vast fraud”. EY declined to comment, the paper says.