Germany’s BaFin audits Wirecard accounts from 2017 to 2019

FILE PHOTO: The logo of Wirecard AG is pictured at its headquarters in Aschheim
FILE PHOTO: The logo of Wirecard AG is pictured at its headquarters in Aschheim, near Munich, Germany, July 1, 2020. REUTERS/Andreas Gebert/File Photo

August 4, 2020

FRANKFURT (Reuters) – Germany’s financial watchdog BaFin said on Tuesday it was conducting an audit of the accounts covering the past few years of the collapsed payments company Wirecard <WDIG.DE>.

BaFin said it was conducting the audit after the nation’s account watchdog, the Financial Reporting Enforcement Panel (FREP), informed BaFin that Wirecard refused to accept an error it had found or cooperate with the watchdog.

(This story was refiled to correct day in paragraph 1)

(Reporting by Hans Seidenstuecker; Writing by Tom Sims; Editing by Edmund Blair)