March 12, 2020 / 11:27 PM / 16 days ago

KPMG audit finds no manipulation in Wirecard's financial statements

FILE PHOTO: The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions is seen in Aschheim near Munich, Germany April 25, 2019. REUTERS/Michael Dalder/File Photo

(Reuters) - Wirecard AG (WDIG.DE) said on Thursday auditing firm KPMG did not find any discrepancies in its audit of the company’s operations in India and Singapore as well as the Merchant Cash Advance and Digital Lending division.

The largely completed special investigation has “not produced any substantial findings” that would require any correction to the company’s annual financial statements for the 2016, 2017 and 2018 investigation periods, the statement said.

The German payments company had hired KPMG last year to conduct an independent audit to address allegations by British newspaper the Financial Times that it manipulated its accounts.

Reporting by Aishwarya Nair in Bengaluru; Editing by Krishna Chandra Eluri

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