{
Charles Laing

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super micro shares drop 35 percent after auditor resignation over governance issues

Super Micro's shares plummeted 35% after the resignation of its auditor, Ernst & Young, which cited concerns over the company's governance and board independence. EY expressed it could no longer rely on management's representations, following earlier warnings about internal financial controls. The company, under federal investigation, has yet to release its financial statements for the year and previously faced regulatory issues, including a $17.5 million penalty from the SEC in 2020 for improper revenue recording.
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Super Micro Computer, Inc. NVIDIA Corporation Advanced Micro Devices, Inc. Intel Corporation USA Nvidia AMD Intel Charles Laing Show more
Finance & Economy, News Article
14:06 30.10.2024
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