What is the liability amount of EY?
EY has limited its liability towards its contractors for its respective activities there. However, this does not affect liability in the external relationship, and is therefore irrelevant to an action for damages brought by the investor due to the issue of a culpably false audit certificate for the consolidated financial statements of Wirecard AG.
Since we assume that the damage was caused intentionally, it is not to be expected that EY’s insurance company will have to pay for the damage. However, since EY achieved a turnover of over 2 billion euros in Germany alone last year and is also part of the international EY Global group of companies, legally existing claims for damages will also be economically enforceable.