🇩🇪 Wirecard Fraud Explained! What went WRONG!

Wirecard collapse was a failure by management, auditors and government. In this video we examine this unique case and likely effect on Ernst & Young in the aftermath.

Link to interesting video on Wirecard by FT reporter Dan McCrum:

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[shawn]

Netflix should give you your own finance fraud series.

[prashan]

I landed a job at wirecard in June 2020. The day before I was supposed to hand over my resignation, they filed for insolvency. Thank God that was a near miss

[himanshujain]

I’m new to your channel and love your videos, especially your presentation and explanation skills. It would be great if you can do a video on basic forensic accounting for individual investors who are analysing stocks. This will be quite useful as most investors don’t trust the auditors anymore due to the recent frauds and scandals. Thank you for this video!

[ypyp]

Excellent video. Thank you. As their external sales agent in Singapore building the merchant portfolio for them, , our investment of more than 5 years went up in smoke overnight when the Authority ordered them to stop providing merchant services in Singapore. Merchants were left scrambling. We lost everything. No compensation no support nor assistance. Big shame to put our trust on them.

[loidforger]

Thanks for explaining something quite complex into much simpler terms...

[AndreHFrank]

As always, well delivered content, thank you. As a German, I admit Bafin is a difficult word to pronounce: Bundesanstalt für Finanzdienstleistungen.

One question: where did this faux account with $2.1bn come from? As a result from of the round tipping or, in general, as the debit account for faux revenue JE? You have a guestimate on that?

[rscott]

I'm having an interview for my placement year at University for a forensic analyst so I'm going to mention this case!

[SvitSvit.]

Thank you for the video. Good job. Will you do some topics about working in Big 4? Will you recommend to apply to work there?

[gagans]

Very well explained! Is there any new information on this case?

[melaD]

I just found your channel and the content is great!

[khaliifr]

Already a fan and I haven't watched the other videos as this is my 1st one. 👍🏾👍🏾

[Lindobz]

This was easy to understand....thanks so much.

[vijaykumarsingh]

Thanks for your analysis.
Great effort to enlighten the common people.
👍

[rosmaryalgarin]

very interesting video thanks once again for this one

[jasonbrody]

You said the company is trying to find his way to continue but, realistically, which are the possible path to come back on track? Recapitalisation from government? Success in investigations, thus finding the lost money?

[thatswhatshesaidbro]

Any books you recommend for forensic accounting ? I would really appreciate it thank tou

[msfl]

Great video. Isn’t true that these national big 4 firms are separate and distinct organizations from there counterpart firms in other countries? Therefore, if EY in Germany would be forced to break up, that would have little or no effect on EY in the US?

[johnwilliamson]

Hi I can yo in look into Exela technology

[Drunkman]

Are you allowed to state your opinion on Tesla’s audits since PwC is in charge of them?

[ABDULQADEER-frqq]

why you left pwc to become a financial controller? was it worth it?