© Reuters. FILE PHOTO: The logo of Ernst & Young is seen in Zurich, Switzerland November 13, 2020. REUTERS/Arnd Wiegmann
BERLIN (Reuters) – German accounting watchdog APAS has banned EY from taking on new audits for companies of public interest for two years and has handed the firm a 500,000 euro ($541,650.00) fine, German business daily Handelsblatt reported on Monday citing sources familiar with the matter.
APAS declined to comment on the matter.
($1 = 0.9231 euros)
