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The justice ministry on 29 June also cancelled its contract with the country’s accounting watchdog, the Financial Reporting Enforcement Panel, effective Dec. 31, 2021
The auditor had questions related to unorthodox financial arrangements in 2016
The formal complaint relates to Deloitte’s audit of the company's 2009 and 2010 financial statements
Wirecard benefited from the obvious hands-off approach of German regulatory authorities, which prompted the head of the banking watchdog BaFin to admit that 'a whole range of public and private entities including [his] own' hadn’t been effective enough
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