Audit Regulator Who Bought Wirecard Shares Faces Scrutiny
- APAS head told parliament he bought shares while probing EY
- KfW drops EY as its auditor and will hire Deloitte instead
Peter Altmaier
Photographer: Michael Sohn/AFP via Getty Images
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The head of Germany’s accounting regulator faces scrutiny after telling a parliamentary committee that he traded Wirecard AG shares while his agency was reviewing the now bankrupt payment company’s external audits.
Germany’s economy minister Peter Altmaier told reporters in Berlin Friday that his staff will investigate the issue. Another lawmaker is calling for an insider-trading probe.