How do you assess the prospects of success of the lawsuits against EY?
We consider the prospects of success of our lawsuits against EY to be good. The members of the Investigative Committee made it clear that they were unanimous in their view that EY should have insisted on the submission of balance confirmations from the account-holding banks when auditing Wirecard’s financial statements. This view was shared not only by the auditors of the watchdog (APAS) at the Federal Ministry of Economics and Technology, but also by the German Federal Government (in an inquiry by a member of the Investigative Committee) and the Institute of Public Auditors in Germany (IDW).
In addition, further failures by EY support our complaint – we have already compiled extensive material on this.