Wirecard Scandal 2020. Wirecard and related Corporate Governance Issues

Academic Paper from the year 2021 in the subject Economics - Monetary theory and policy, grade: 1,3, University of Augsburg, language: English, abstract: This paper addresses the Wirecard scandal of 2020 and aims to derive related corporate governance issues. An analyzation of proposed solutions that should help to provide similar future crises is also part of the investigation. Firstly, it is argued that there is a confusion concerning the responsibility among german supervisors which needs to be clarified. Additionally, it is discussed that early warning signs must not be neglected. Finally, suggestions for necessary modifications within the external and internal audit process are given and analyzed.