Balance sheet scandal Wirecard - there were many red flags

16 Nov 2021, 12:15 - 13:15

Webinar

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1 PL Credit(s)

Event Details

The Wirecard accounting scandal is the largest in German post-war history and has caused a great deal of international attention. Even before June 18, 2020, there had been numerous warning signs pointing to irregularities in Wirecard's balance sheets. As early as 2008 (!), there were the first allegations by an investor protection association. The German Bundestag uncovered a number of things by questioning many experts and witnesses as part of a parliamentary investigative committee. However, due to the Bundestag elections in September 2021, the investigative committee was under considerable time pressure, as the first legislative reforms were also passed at the same time.

What will you learn?
What warning signs and anomalies were there in the balance sheets of the payment service provider Wirecard? How can balance sheet falsification be distinguished from balance sheetcosmetics? What are the causes and triggers of balance sheet manipulation? How can balance sheet manipulation be prevented in the future? What has already been done in Germany since the Wirecard scandal was uncovered? Where is there still a need for action? Why was Wirecard able to operate for so many years?

 

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Speaker

Carola Rinker

Carola Rinker

Dr. Carola Rinker is a management consultant specializing in accounting. The economist prepares company analyses and advises companies on the prevention and detection of balance sheet manipulation. On the subject of balance sheet falsification, she trains the Federal Criminal Police Office, among others. The balance sheet expert has already published several specialist books and regularly writes articles in trade journals. She regularly reports on accounting fraud and accounting cosmetics on her FINANCE blog "Abgeschminkt". In the course of the Wirecard scandal, she was questioned as an expert by the Investigation Committee and the Finance Committee on the reform of the FISG. For more information on the author, visit www.carolarinker.de.