Consultants are mentioned to have already been contacted to discover any claims towards the auditors. Signa Holding is claimed to be in command of this. The suspicion is that the audit was carried out negligently.
The authorized foundation for the process is, amongst different issues, Part 275 (2) of the Austrian Business Code, which obliges the auditor to “compensate for any ensuing harm” within the occasion of intent or negligence, experiences “Supervisor Magazin”.
Viennese lawyer appointed
The Vienna Business Courtroom appointed its personal administrator for the holding firm to judge the assertion of claims towards the annual auditor, BDO Assurance GmbH Wirtschaftsprüfungs- und Steuerberatungsgesellschaft. The administrator is the Viennese lawyer Raoul Wagner. The insolvency administrator of Signa Holding, Christof Stapf, requested the Business Courtroom to do that. Wagner confirmed his appointment to the journal.
Along with BDO, the restructuring directors have KPMG of their sights because the auditor of Signa Prime and Signa Improvement. Prime’s restructuring administrator, Norbert Abel, is quoted as saying: “The investigation of all potential claims continues to be being pursued intensively and these will probably be asserted in a well timed method.” PwC and the Austrian tax consultancy TPA are additionally mentioned to be beneath remark. In line with the German journal, the consultants remained silent when requested.
The “Supervisor Magazin” reminds us that in the midst of the investigation into the Wirecard chapter, its auditor EY was excluded from awarding mandates to listed firms for 2 years. As well as, there are claims for damages from victims.
