This is normal and doesn’t shed any light on the matter. Companies/individuals routinely hold cash in accounts they don’t control. For example; Client money acc

This is normal and doesn’t shed any light on the matter. Companies/individuals routinely hold cash in accounts they don’t control. For example; Client money accounts and collateral/margin accounts. Either way, the auditors would have known what the arrangements were and factored it into their opinion. Even the credit risk of the bank holding the nostro accounts is taken into consideration. Seems to me like Wirecard were running a large scale accounting fraud and EY were not “professionally sceptical” enough to see it. What’s not clear to me is whether any of the missing cash is client money or not. If it is then that’s a bit of a disaster.