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Identify the governance-internal control breakdowns

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Reference no: EM132918471

Wirecard Scandal

https://en.wikipedia.org/wiki/Wirecard_scandal#Causes_of_downfall

  1. Identify the governance/internal control breakdowns in the Wirecard scandal, list as many as you can.
  2. Aside from the governance/internal control breakdowns, why do you think the irregularity took too long to be discovered?
  3. What changes can you suggest to avoid similar financial scandals?
  4. Does the external auditor have any responsibility to stakeholders as a result of the company's collapse? If yes why, if none why?
  5. How can external auditors protect themselves from any possible claims by stakeholders of failed organizations such as Wirecard?
  6. Can the internal auditor of Wirecard be partially blamed for the scandal? Why yes or no? Research if there are any information about Wirecard's internal auditor and if they were held accountable

Reference no: EM132918471

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