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Super Micro Computer fell about 32% premarket after saying Ernst & Young resigns as auditor amid a review after EY communicated concerns about several matters relating to governance, transparency and internal control over financial reporting in late July.
- Super micro computer doesn’t currently expect any restatements of its quarterly reports for the fiscal year 2024 ending June 30, 2024, or for prior fiscal years
- Board appointed an independent special committee to perform investigation
- Special Committee hasn’t yet obtained all information relevant for the review and has not concluded review
- EY stated in resignation letter that ...
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