Wirecard Shares Jump After Firm Hires KPMG for Independent Audit
- Move follows accusations raised within Financial Times reports
- Chairman Matthias says confident in audit procedures to date
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Wirecard AG gained as much as 6.6% in Germany after saying it had commissioned KPMG to conduct an independent audit of the digital payments company, its latest effort to calm investors rattled by reports of accounting irregularities.
The audit firm will have “unrestricted access to all information on all levels of the group,” Wirecard said in a statement Monday. KPMG’s review of accusations raised by the Financial Times will begin immediately and will be presented in “due course.”