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Where Did All the Payments Go?

Online Exclusives ​Art Stewart Jul 14, 2020

Nearly two decades after the Enron scandal, another big company is embroiled in a scandal over irregular accounting.

More than $2 billion in missing funds led to the resignation and arrest of Wirecard's CEO last month, CNN reports. The scandal broke when the company's external auditors couldn't find the money in trust accounts and refused to sign off on the digital payment company's financial statements. The missing amount equates to one-fourth of Wirecard's assets and set off a global search for the funds.

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​Art Stewart

Art Stewart is an independent management consultant with more than 35 years of experience in internal audit, financial management, performance measurement, governance, and strategic policy planning.​​​