EY has certified the allegedly falsified balance sheets for years. When examining the financial statements of the now insolvent payment service provider, APAS sees breaches of professional duties from 2016 to 2018. The result is a fine of 500,000 euros. In addition, EY Germany is not allowed to conduct statutory audits of public interest companies for a period of two years. Exception: existing mandates.
Source: Nachrichten
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