Ernest and Young cleared Wirecard’s reputation back in 2008 and BaFin, the German financial regulator, continually supports Wirecard. Critics of Wirecard were investigated by BaFin.   Suggest course of action (s) to prevent discrepancies in the financial results reporting to ensure that such scandal will not arise in the near future.

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Ernest and Young cleared Wirecard’s reputation back in 2008 and BaFin, the
German financial regulator, continually supports Wirecard. Critics of Wirecard
were investigated by BaFin.  

Suggest course of action (s) to prevent discrepancies in the financial results
reporting to ensure that such scandal will not arise in the near future.

Make sure your answers in paragraph not less than 500 words. Thank you

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