The Challenges and Implications of the Euro 7 Standard for the European Automotive Industry

The Challenges and Implications of the Euro 7 Standard for the European Automotive Industry

Some countries are pushing back against the Euro 7 standard, which aims to tighten ecological limits for electric cars. The standard, set to take effect in 2025, has raised concerns among European automakers due to its strict requirements. One of the main issues with the Euro 7 standard is the timing. With implementing decrees not … Read more

Wirecard scandal: EY defends itself – FINANCE magazine

For EY, there is a lot at stake – the potential financial damage from recourse claims could be immense. “You have to fear that lenders will lose their stake in the bankruptcy process. That would then have to be added to the damage of the shareholders. Ultimately, this can mean a total loss of several … Read more

Allegations against auditors in the Wirecard case

Wirtschaftsprüfungsgesellschaft EY A wave of lawsuits is rolling towards the company. – (Foto: Getty Images; Per-Anders Pettersson) – – – – Düsseldorf In the event of balance sheet scandals, the accounting firms of the companies concerned are also the focus of criticism. After all, it is they who, in a kind of sovereign act, attest to … Read more

Suspected funds in the hundreds of millions

Wirecard headquarters in Aschheim near Munich Transactions in India, unsecured loans. No one knows where Wirecard’s money really went. – (Foto: Bloomberg) – – – – Düsseldorf In the balance sheet scandal of the Dax group Wirecard, there are indications that, in addition to probably non-existent funds of EUR 1.9 billion, real funds in the high … Read more

Wirecard auditors sued over $ 1.9 billion loss by company

The German SdK Shareholders Association said it has sued Wirecard auditors from Big Four Ernst & Young (EY). The lawsuit relates to two current employees and one former, reports CNBC. The shares of the payment card issuer collapsed after the auditors could not confirm the presence of balances of € 1.9 billion on its accounts. … Read more

Wirecard is fighting for its future

BDO in Manila The search of the 1.9 billion euros of Wirecard was at the Bank in the Philippines in vain. – (Photo: Bloomberg) – – – – Frankfurt/Munich That Wirecard is currently one of the largest financial scandals in the German economy plays in history, shows visitors to the group’s headquarters on Monday only … Read more

Wirecard moves forward for a year again

– Wirecard The payment processor has not submitted its balance sheet again. – (Photo: dpa) – – – – Düsseldorf The payment service provider Wirecard has postponed its long-awaited financial statements for the fourth Time. There are billions of serious ambiguities in the results, as the Dax group announced on Thursday in Aschheim near Munich. … Read more