Super Micro Computer says Ernst & Young resigns as auditor, shares tank
Super Micro Computer said on Wednesday Ernst & Young had resigned as its auditor, sending its shares tumbling more than 30% and deepening investor worries about accounting practices at the artificial intelligence server maker.
Hasnain says:
“"We are resigning due to information that has recently come to our attention which has led us to no longer be able to rely on management's and the Audit Committee's representations and to be unwilling to be associated with the financial statements prepared by management," Super Micro quoted EY as saying in a filing with the Securities and Exchange Commision.”
Posted on 2024-10-31T03:53:03+0000