- Path:
-
„Great Cases, Like Hard Cases, Make Bad Law“: Wirecard, das FISG und die Notwendigkeit einer Audit Judgment Rule
Files
Restricted access: The document can be accessed only at the computer workstations of the Zentral- and Landesbibliothek Berlin. Here you can find our current opening hours.
Periodical
- Title:
- Zeitschrift für Unternehmens- und Gesellschaftsrecht
- Publication:
-
Berlin: de Gruyter
- Note:
- Volltext auch als Teil einer Datenbank verfügbar
- Scope:
- Online-Ressource
- ISSN:
- 1612-7048
- ZDB-ID:
-
2137403-X
- VÖBB-Katalog:
- 15137583
- Keywords:
- Deutschland ; Deutschland ; Gesellschaftsrecht ; Unternehmensrecht ; Gesellschaftsrecht ; Unternehmensrecht ; Zeitschrift ; Zeitschrift ; Elektronische Publikation ; Zeitschrift ; Elektronische Publikation ; Zeitschrift ; Online-Publikation ; Zeitschrift ; Online-Publikation
- Classification:
- Recht
- Collection:
- Recht
- Copyright:
- Rights reserved
- Accessibility:
- Eingeschränkter Zugang mit Nutzungsbeschränkungen
Article
- Title:
- „Great Cases, Like Hard Cases, Make Bad Law“: Wirecard, das FISG und die Notwendigkeit einer Audit Judgment Rule
- Publication:
-
Berlin: de Gruyter, 2024
- Language:
- German
- Information:
- Abstract: The Wirecard case and its aftermaths have given rise to legislative action. By enacting the Law on Strengthening Financial Market Integrity (FISG), the German legislature aims at restoring and lastingly strengthening the trust in Germany’s financial markets by, inter alia, preventing manipulations of financial statements, enhancing the public oversight of public interest entities, increasing the powers of Germany’s Federal Agency for Financial Services Supervision (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) (e.g., right of information, submission of documents, searches and seizures), further regulating statutory audits of financial statements and substantially tightening the civil and criminal liability of auditors. This essay explores whether the new civil liability provisions can achieve the objectives stated. The author suggests that an Audit Judgment Rule be recognized by the German legislature to provide a safe harbor for statutory auditors in appropriate cases and to overcome the typical hindsight bias. The article unfolds and analyzes the elements and the ambit of an Audit Judgment Rule in the context of German law.
- Scope:
- Online-Ressource
- Note:
- Kein Open Access
- Archivierung/Langzeitarchivierung gewährleistet
- Copyright:
- Rights reserved
- Accessibility:
- Eingeschränkter Zugang mit Nutzungsbeschränkungen
