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Auditor EY replaces Germany boss after Wirecard scandal

Auditor EY replaces Germany boss after Wirecard scandal
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EY Germany head steps down in wake of Wirecard scandal

By Reuters Staff
2 Min Read
FILE PHOTO: The logo of Ernst & Young is seen in Zurich, Switzerland November 13, 2020. REUTERS/Arnd Wiegmann
BERLIN (Reuters) - EY Germany said its head, Hubert Barth, was stepping down and announced plans for a programme to help restore trust in its work as an auditor following the collapse of payment services firm Wirecard.
In December, German prosecutors opened an investigation into partners at EY over the Wirecard scandal after an accounting watchdog filed a report accusing them of criminality in their work for the failed payments company.
EY has lost a number of prominent contracts since news of the Wirecard scandal broke.

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Auditor EY Replaces Germany Boss After Wirecard Scandal

Auditor EY Replaces Germany Boss After Wirecard Scandal
02/25/21 AT 10:28 AM
Auditing group EY on Thursday announced that it was replacing the head of its German office as it moves to "restore trust" following the collapse of fraud-hit payments firm Wirecard.
EY Germany boss Hubert Barth, who was in the job for five years, will stay at the company and be assigned to a new role "on a European level", the Ernst and Young group said in a statement.
Taking his place will be a leadership duo consisting of Henrik Ahlers, a senior executive at EY Germany, and Jean-Yves Jegourel, vice chair at EY's global assurance division.

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EY Germany head steps down in wake of Wirecard scandal

EY Germany head steps down in wake of Wirecard scandal
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