What are the wider supervisory implications of the Wirecard case?

Katja Langenbucher, Christian Leuz, Jan Pieter Krahnen and Loriana Pelizzon ()

No 74, SAFE White Paper Series from Leibniz Institute for Financial Research SAFE

Abstract: The paper discusses the policy implications of the Wirecard scandal. The study finds that all lines of defense against corporate fraud, including internal control systems, external audits, the oversight bodies for financial reporting and auditing and the market supervisor, contributed to the scandal and are in need of reform. To ensure market integrity and investor protection in the future, the authors make eight suggestions for the market and institutional oversight architecture in Germany and in Europe.

Keywords: Wirecard; Supervisory Achitecture; Auditing; Internal Controls; Market Oversight; Investor Protection; Market Integrity (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:safewh:74

DOI: 10.2861/936827

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