Well, EY didn't get banned from consulting, but rather accounting work. And the latter is crucial, and even legally required for all and every public company. The reasons are, among others, Enron and , yes, Wirecard. And the fact that EY screwed up Wirecard is the reason they got banned.
By the way, it was KPMG that caught the Wirecard fraud. And KPMG is in the same league and business as EY.
One of the reasons, IMHO, that Wirecard managed to get away with it for so long is, that as a German company, they didn't have to switch Accountants and have another accounting firm helping them in preparing the books. That would be a SOX set-up, and it makes perfect sense. It helps to prevent fraud and it protects retail investors, both of which are good things in my book.
Strategy consulting, the stuff BCG and McK does, is different. As is the outsourcing and consulting Accebture does, which is also different from what McK does. The topic so, is EY and accounting.
By the way, it was KPMG that caught the Wirecard fraud. And KPMG is in the same league and business as EY.
One of the reasons, IMHO, that Wirecard managed to get away with it for so long is, that as a German company, they didn't have to switch Accountants and have another accounting firm helping them in preparing the books. That would be a SOX set-up, and it makes perfect sense. It helps to prevent fraud and it protects retail investors, both of which are good things in my book.
Strategy consulting, the stuff BCG and McK does, is different. As is the outsourcing and consulting Accebture does, which is also different from what McK does. The topic so, is EY and accounting.