Ernst & Young Resigns from Super Micro
This is a news story, published by CNBC, that relates primarily to Ernst & Young news.
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•Super Micro shares plunge 35% as auditor resigns after raising concerns months earlier
83% Informative
Ernst & Young resigned as Super Micro's auditor last week after raising concerns over the company's internal controls, board independence, and accounting practices.
Super Micro was hit with a short-seller report earlier this year , has delayed filing its financial statements for 2024 , and is reportedly under federal investigation.
EY said in its resignation letter was "unwilling to be associated" with management's financial statements.
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