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2025-03-172025-03-171111100
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ubs faces auditor concerns over financial reporting controls after credit suisse takeover

UBS's 2024 annual report reveals that auditors Ernst&Young raised concerns about the bank's internal controls over financial reporting, particularly regarding issues inherited from the Credit Suisse takeover. As of December 31, 2024, UBS was deemed to have ineffective internal controls, a rare adverse opinion that signals potential misstatements in financial statements and could misrepresent the bank's financial health. UBS continues to address these internal control challenges stemming from the merger, which complicates its assessment process.
MarketScreener
Credit Suisse Strategic Income I CHE Philipp Krach Tommy Reggiori Wilkes Stefania Spezzati Oliver Hirt Show more
Finance & Economy, News Article
18:00 17.03.2025
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