FRANKFURT -- Volkswagen said on Monday an independent audit by KPMG was not yet able to shed any light into a bribery scandal at Europe's largest carmaker due to the sheer amount of information being processed.
"In light of the difficult situation regarding the data required, the auditors believed they were not yet in a position to present concrete interim results," the company said in a statement.
VW added that KPMG would submit an interim report in September to its supervisory board, but the firm did not expect to deliver a final report to VW before late October.
Earlier on Monday, the audit committee of VW's supervisory board met to discuss interim results of the KPMG review into the scandal that has engulfed the company.
Allegations of kickbacks, slush funds for key labor representatives and fraud at the Wolfsburg-based company made front pages across Germany for weeks and led to the resignations of personnel chief Peter Hartz and works council boss Klaus Volkert.
Two former staff members of Hartz are also under investigation by the authorities.
Apart from filing complaints with the state prosecutor's office in nearby Brunswick, Volkswagen asked KPMG late in June to conduct an independent audit of its books.
Investors have largely given the bad news from the scandal a positive spin, however, buying shares on speculation restructuring whiz Wolfgang Bernhard could capitalize on the current weakness of the works council by pushing through measures that would otherwise have been deemed too harsh.