The Audit by KPMG shows that there was no manipulation in Wirecard’s financial statements

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

(Reuters) – Wirecard AG WDIG.DE said on Thursday the auditing firm, KPMG, found no significant difference in the control of the company’s operations in India and Singapore, as well as the Merchant cash advance, and a Digital Lending division.

The largely completed by the special study had “no significant findings” that could mean a correction is made for the company’s annual financial statements for the 2016, 2017 and 2018 study period, ” the statement said.

The German payments company has hired KPMG last year to carry out an independent audit to address allegations made by British newspaper the Financial Times that it was manipulated its accounts.

Reporting Aishwarya Nair in Bengaluru; Editing by Krishna Chandra Eluri

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