The insolvency administrator of the payment processor Wirecard, Michael Jaffe, checks out loud Handelsblatt Claims for damages against the long-standing Wirecard auditor EY. Jaffe had commissioned Martin Jonas from the auditor Warth & Klein Grant Thornton, the paper reported on Sunday. A lawsuit is in preparation. In essence, it is about the question of whether EY made mistakes and, if so, how difficult they were. The answer depends on whether and to what extent EY has to be liable. A liability limit only applies to negligent mistakes, said Jonas. It looks different with direct or indirect intent. Generally speaking, the following applies: “If auditors knew that the balance sheet was wrong and they still issue a certificate, they have unlimited liability.” This also applies in the case of conditional intent, i.e. if the damage has been accepted with approval.
Wirecard insolvency administrator examines lawsuit against EY – Wirtschaft
