Wirecard has claimed that a forensic audit of its earnings by KPMG found no evidence of balance sheet manipulation or wrongdoings.

The German payments group commissioned an independent investigation of its accounts following allegations made by a series of articles in the Financial Times, accusing it of inflating the sales and profits of businesses in Dubai and Ireland, as well as suspicious accounting practices in its Singapore office and the probity of recent acquisitions.

Wirecard has now responded that incriminating evidence for the public allegations of balance sheet forgery has not been identified.

"With respect to all four areas of the audit - Third Party Acquiring business, Merchant Cash Advance/Digital Lending as well as the business activities in India and Singapore - no significant findings have been made, which would require an adjustment of the annual accounts 2016-2018."

Wirecard did however acknowledge that KPMG was not able to find all the documents required to proof revenues for these years, because the required data was primarily in the control of third parties.

Since Wirecard controls much of the necessary data itself, more than 200 million data points relating to December 2019 were provided to KPMG, it stated, adding that the audit has not revealed any deviations between the reported revenues and account balances.

"KPMG has identified documentation and organisational weaknesses during the audit period, which had already been identified by Wirecard," the statement noted. "Wirecard remedies these weaknesses since 2019 by establishing a Global Compliance Organisation and with the support of external consultants."

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