Some partners fear the new structure may lead to penalties related to Wirecard being shared beyond the German team that handled the work. EY audited the payments group for a decade until it collapsed in a fraud scandal last year. “French partners are going ballistic about it because they say ‘why should we pay now for the Wirecard mess?’,” said one person close to the firm. EY in February announced it was creating a new Europe West region, without providing detail on the implications. The integration will go further than existing payments between regions, which reflect work referred from partners in one country to another.

Source: The Irish Times June 01, 2021 07:38 UTC