BKA should stop the next Wirecard

Auditor: Experts could soon be sought at the BKA in Wiesbaden.

Image: Michael Kretzer

Auditors looked bad in the scandal surrounding the Munich financial services provider Wirecard. Now an interest group is submitting proposals that would significantly strengthen the institutions in the Rhine-Main region.

D.he Rhine-Main region could become the winner of the Wirecard scandal. Because in order to avoid repetition, it would make sense from the point of view of German auditors to equip the Federal Criminal Police Office (BKA), the Federal Financial Supervisory Authority (Bafin) and the Frankfurt Public Prosecutor’s Office with additional responsibilities and to increase staff. The Federal Criminal Police Office has its headquarters in Wiesbaden, the Bafin would probably have to expand the relevant departments in Frankfurt, and it would be similar with the public prosecutor’s office. That would become reality if new proposals from the Institut der Wirtschaftsprüfer (IDW) were implemented, which are exclusively available to the F.A.Z. Because that’s how the auditor’s interest group in Germany wants to react to the Wirecard scandal.

“Serious economic crimes such as balance sheet falsification and balance sheet manipulation in companies of public interest can pose a direct threat to the capital market and thus an indirect threat to the entire economic and financial location of Germany”, says Klaus-Peter Naumann, the spokesman for the board of the IDW. It therefore appears “appropriate and pertinent to center the prosecution of accounting fraud in such companies in the area of ​​organized crime with the federal authorities,” said Naumann. In order to ensure a secure flow of information so that investigations can be commenced quickly, the auditor’s reporting obligations should be adjusted accordingly during the audit, suggests the IDW.


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