Wirecard Scandal Prompts EU to Weigh Corporate Reporting Fixes
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The European Commission is examining how it can improve rules for ensuring that companies report reliable financial information after Wirecard AG’s collapse served as a “wake-up call.”
The European Union’s executive arm will start a public consultation later this year and intends to present a legislative proposal toward the end of next year, Commissioner Mairead McGuinness said, according to the text of a speech to be delivered to the European Policy Center on Thursday.