In mid-2020 the German stock corporation Wirecard became suspected of having falsified its records and to have made up assets in the magnitude of EUR 1.9 billion in its balance sheets. This prompted the German legislature to implement a new legal framework for accountants. Numerous Wirecard shareholders are now seeking compensation before German courts for alleged losses they suffered, and some shareholders seek compensation from Wirecard’s former accounting firm. The claimants argue that the accounting firm should have noticed that Wirecard’s records were falsified and thus breached its duties by certifying Wirecard’s financial statements. If the firm had not certified the financial statements, the claimants assert they would not have acquired Wirecard shares.