Tag: WireCard
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The Rise and Fall of Wirecard: Lessons Learned from a Corporate Fraud
The Wirecard scandal, involving a major German fintech company, exposed failures in regulatory oversight by BaFin, inadequacies in auditing by EY, and shortcomings in other oversight bodies. Lessons include the necessity of transparency in auditing, effective regulatory oversight, the role of whistleblowers, international cooperation, and ethical leadership. These lessons underscore the need for reforms to…