All posts tagged "EY"
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2.6KAML / KYCUPDATED – Wirecard Fraud: A Timeline of Events
Wirecard has filed for insolvency amid multiple probes. BaFin faces scrutiny for mishandling clear red flags. EY faces lawsuits for failing to catch the improprieties earlier.
June 30, 2020 -
1.3KEnforcement
BaFin Efficacy Called into Question for Wirecard Handling
Last February, BaFin responded to whistleblower allegations and critical media reports by banning short-selling in Wirecard and filing criminal charges against journalists.
June 22, 2020 -
1.3KAML / KYCWestpac Removes EY as Auditor for Upcoming Risk Review – Report
EY's 2017 review of Westpac highlighted poor data quality, outdated infrastructure, incompatible systems, capacity issues, manual workarounds and historical underinvestment.
May 21, 2020 -
277Australia & NZNZX Working to Fix Technical Issues Caused by Heavy Trading
NZX has said it is taking steps to address technical issues it has faced amid a four-fold surge in trading volumes since early in the year.
April 23, 2020 -
2.4KBig PictureAI Expected to Become Key Business Driver in Two Years – Survey
The Cambridge Centre for Alternative Finance and World Economic Forum, with support from EY and Invesco, shed light on the evolving landscape of AI-enabled financial services.
February 11, 2020 -
361Australia & NZASIC Increases Scrutiny on Audit Practices as Quality Drops
ASIC's latest inspection results show that audit firms did not obtain the required assurance in 26% of examined key audit areas, particularly in the audit of revenue and non-financial asset impairment.
December 16, 2019 -
1.5KFeatureSingapore Unveils New AI Framework for Financial Institutions
The new 'Veritas' framework aims to improve internal governance among financial institutions around their solutions driven by artificial intelligence and data analytics.
November 13, 2019 -
403Australia & NZ
KiwiSaver Reform is Key to Boosting NZ Capital Markets: Report
Sponsored by the FMA and NZX, an industry working group has recommended changes to the KiwiSaver scheme, saying it will become the predominant pool of retirement savings over time.
September 10, 2019 -
1.8KAsia-PacificGRI Sets Up in Singapore to Promote Sustainability Reporting in ASEAN
The new ASEAN hub will generate valuable know-how for ESG reporting and sustainable finance, and contribute to Singapore's development as a financial centre, says SGX CEO Tan Boon Gin.
September 4, 2019 -
1.2KAustralia & NZAustralia: NAB, EY Under Fire Following Whistleblower Leak
A whistleblower has leaked internal NAB documents to highlight the bank's lax approach to risk management, customer remediation, and conflicts of interest with its auditor.
August 5, 2019
