Our new regular feature at Compliance Week puts a snarky spotlight on individuals, companies, and governments that “Failed It” in the areas of ethics and compliance this week and gives out kudos to those that “Nailed It.” If we missed any or if you have any nominations for next week, let us know on Twitter (@ComplianceWeek) or in the comments section below.
Nailed It
KPMG: A scathing report in The Financial Times that detailed extensive fraud at German payment giant Wirecard wasn’t without a compliance-related silver lining. The report highlighted the role auditor KPMG had in helping to shed light on the rotten inner workings at Wirecard. KPMG, which was tapped for a special audit of the company after allegations of wrongdoing first surfaced late last year, never signed off on Wirecard’s version of events because the company could never provide proper documentation for the location of $2 billion in missing funds. Kudos to KPMG for not signing off on something they couldn’t confidently confirm, despite Wirecard’s insistence that everything was on the level. —Dave Lefort
