Wirecard hires KPMG to do independent audit after FT allegations

FILE PHOTO: The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions is seen in Aschheim near Munich, Germany April 25, 2019. REUTERS/Michael Dalder/File Photo - Copyright Michael Dalder(Reuters)

By Reuters

Published on 21/10/2019 - 09:04•Updated 19/04/2024 - 21:31

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BERLIN (Reuters) - Wirecard <WDIG.DE>, the German payments company, said on Monday it had hired KPMG to conduct an independent audit to address allegations by the Financial Times that its finance team had sought to inflate its reported sales and profits.

“We have complete confidence in the audit procedures performed to date and their results. We assume this renewed independent review will lead to a final end to all further speculation," Wulf Matthias, Chairman of the Supervisory Board of Wirecard AG, said in a statement.