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A comment on EY gets banned from new audit business in Germany. Parent comment

Re:EY gets banned from new audit business in Germany by oxfordmale on Sunday April 09, 2023 @12:39PM (#35504285)
Yes, companies should be free to waste their money as they want. However, auditors serve a purpose and that is to identify any fraudulent activities. In the case of Wirecard, EY failed at this.
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Re:EY gets banned from new audit business in Germany by theK on Sunday April 09, 2023 @01:57PM (#35504951)
Correct and that is why they should be made accountable for this. I'm with gp that this particular ban is a bit harsh but nonetheless it is the state determining accountabilities and it seems to have been a thorough investigation.

OTOH, the monetary penalties where a bit on the light side so maybe that also balances out the rather harsh ban.

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