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Exam World Meets Business World

Exam World meets Wirecard

17 Mar 2024

Description

In 2020, as Covid raged, a top 30 German listed company worth around $28bn called Wirecard suddenly went bust. It has now been concluded by most that half its revenues never happened. What happened? And what can students of accountancy or business learn from it to help progress their studies? Listen as Paul Merison breaks down the reasons Wirecard failed, the clues that should have been spotted, and the failings of the auditors and of corporate governance - assisted by Dan McCrum, the Financial Times journalist who was at the centre of exposing the massive fraud.

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