Wirecard Scandal Unravels, EY Faces Scrutiny for Gullibility in Audit
The Wirecard scandal is a cautionary tale for the financial world, shedding light on the potential consequences of lax oversight and reliance on fabricated documents. As investigations continue, the role of auditors, in this case, EY, has come under scrutiny. The fallout from Wirecard’s collapse is a stark reminder of the importance of robust auditing practices and stringent checks to safeguard against fraud and deception in the corporate world.
EXCLUSIVE Ukraine war spurs U.S. to ramp up security probe of software maker Kaspersky
The Biden administration ramped up a national security probe into Russia’s AO Kaspersky Lab antivirus software earlier this year amid heightened fears of Russian cyberattacks after Moscow invaded Ukraine, three people familiar with the matter told Reuters.
U.S. Justice Department probing Visa over debit-card practices: source
(Reuters) – The U.S. Department of Justice is investigating whether Visa Inc engages in anticompetitive practices in the debit-card market, a source familiar with the matter said on Friday.
