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German regulator hands EY 2-year audit ban over Wirecard scandal – Handelsblatt



© Reuters. FILE PHOTO: The logo of Ernst & Young is seen in Zurich, Switzerland November 13, 2020. REUTERS/Arnd Wiegmann

BERLIN (Reuters) – German accounting watchdog APAS has banned EY from taking on new audits for companies of public interest for two years and has handed the firm a 500,000 euro ($541,650.00) fine, German business daily Handelsblatt reported on Monday citing sources familiar with the matter.

APAS declined to comment on the matter.

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