KPMG sees no further need for an audit of Wirecard’s business activities in Singapore beyond that already carried out as part of the audit of the 2018 annual financial statements. (RTTNews) - Wirecard AG (WRCDF.PK) said Tuesday that it was handed the report on the special investigation by the auditing company KPMG. The accusations made against the business activities of Wirecard AG on Indian territory (EMIF1A / Hermes i-Tickets Private Ltd), in the city-state of Singapore as well as the business segments of pre-financing of receivables (Merchant Cash Advance (MCA) / Digital Lending) and third-party partner business (3rd Party Acquiring / TPA) were being investigated. Wirecard AG made all payments in connection with the takeover of the Indian Group's "payment business" exclusively to the seller, whose beneficial owner could not be finally verified by KPMG on the basis of public registers. |Tell. 28 April 2020Wirecard AG: KPMG delivers report on special investigation Wirecard: what KPMG’s report found Leverage our market expertise Expert insights, analysis and smart data help you cut through the noise to spot trends, risks and opportunities. The report was plagued by delays. When wirecard is not licensed in a particular country, it uses a third-party payment processor to process transactions on its behalf. DGAP-News: Wirecard AG Since 2019, these have been remedied by setting up the Global Compliance Organization and with the support of external consultants. As a result, KPMG couldn’t check on revenues of 1 billion euros ($1.1 billion) in transactions with third parties. Sina Technology News Beijing time, June 23 evening news, for several months, wirecard has been full of confidence that KPMG will prove its own accounting is correct, and can make the most powerful counterattack against all those who doubt it. According to KPMG’s report, wirecard provided KPMG with an opinion from another consulting firm, saying that the company’s approach to cash was appropriate. Wirecard contact: Wirecard AG Iris Stoeckl The company “categorically rejects” the allegations, calling them “nonsense,” a spokeswoman said in October. Due to the rapid growth of sales and profits, wirecard has caused a sensation in the stock market. The Financial Times also reported that substantial sales and profits were processed by Wirecard’s Dubai-based partner company Al Alam Solutions in the names of several clients that didn’t exist or had no record of a relationship with the firm. What about the back end? The publication of the annual financial statements and the annual press conference will not take place on April 30, 2020. Wirecard AG made all payments in connection with the takeover of the Indian Group's 'payment business' exclusively to the seller, whose beneficial owner could not be finally verified by KPMG on the basis of public registers. Wirecard’s business enables large payment networks, such as visa and MasterCard, to help retailers accept credit card transactions. KPMG believes that the relationship is fair and that the third party with the data does not provide the data. Wirecard will coordinate with the auditors E&Y as quickly as possible when the audit work can be completed, taking into account the Corona-related restrictions and the KPMG report. Wirecard’s business enables large payment networks, such as visa and MasterCard, to help retailers accept credit card transactions. Just last year, wirecard fell into an accounting scandal. Apr 28, 2020. MarketBrief: How to Maneuver More Volatility, Why Warren Buffett's Protege Just Bought This Dirt-Cheap Brick-and-Mortar Retailer, Morgan Stanley: 2 Stocks That Could Climb Over 40%, var dom1 = document.querySelector('#form1783 #field1');var field1 = new LiveValidation(dom1, {validMessage: "", onlyOnBlur: false, wait: 300});field1.add(Validate.Presence, {failureMessage:"This field is required"});field1.add(Validate.Format, {pattern: /^([^@\s]+)@((?:[-a-z0-9]+\.
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