Audit and accounting

Organizations

• Ernst & Young GmbH WirtschaftsprüfungsgesellschaftGermany. 3 claims, 2 cases.
• KPMG LLPUnited Kingdom. 3 claims, 3 cases.
• PricewaterhouseCoopersUnited Kingdom. 3 claims, 3 cases.

Claims

• Supported5
• Partly supported1
• Unresolved1
• Opinion2

• Unresolved59
  Thousands of Wirecard investors claimed in a KapMuG model case that EY is liable to them for its unqualified audit certificates for fiscal years 2014 to 2018.
  Ernst & Young GmbH WirtschaftsprüfungsgesellschaftOfficial report, 28 February 20254 records citedAccounting
• Supported83
  Chinese regulators said in September 2024 that PwC Zhong Tian had to a certain extent covered up and even condoned Evergrande's financial fraud in its Hengda audits.
  PricewaterhouseCoopersPress report, 13 September 20246 records citedAccounting
• Supported94
  The Financial Reporting Council said in October 2023 that KPMG failed to gather sufficient appropriate audit evidence in its audits of Carillion's 2014 to 2016 financial statements.
  KPMG LLPRegulator statement, 12 October 20233 records citedAccounting
• Opinion65
  An Australian Senate committee report of June 2023 described PwC's handling of confidential tax consultations as a calculated breach of trust.
  PricewaterhouseCoopersOfficial report, June 20232 records citedMarket conduct
• Supported77
  Reports in April 2023 said the German audit oversight body APAS found professional duty violations in EY's Wirecard audits and barred it for two years from new listed audit clients.
  Ernst & Young GmbH WirtschaftsprüfungsgesellschaftPress report, 3 April 20235 records citedAccounting
• Supported88
  The Tax Practitioners Board said in January 2023 that PwC breached its obligations under the law and the Code of Professional Conduct over a former partner's disclosure of confidential Treasury information.
  PricewaterhouseCoopersRegulator statement, 23 January 20233 records citedMarket conduct
• Supported91
  A disciplinary tribunal found in July 2022 that KPMG gave false or misleading documents and information to FRC inspectors reviewing its Carillion and Regenersis audits.
  KPMG LLPRegulator statement, 25 July 20222 records citedDisclosure
• Partly supported69
  EY said in June 2020 that there were clear indications of an elaborate and sophisticated fraud at Wirecard aimed at deliberate deception, presenting itself as deceived.
  Ernst & Young GmbH WirtschaftsprüfungsgesellschaftCompany statement, 25 June 20202 records citedFraud
• Opinion73
  A May 2018 joint report of two House of Commons committees said KPMG was complicit in Carillion's aggressive accounting judgements.
  KPMG LLPOfficial report, 16 May 20183 records citedAccounting