“尽管公司承认安永的决定是最终决定，但它不同意安永辞去公司独立注册会计师事务所职务的决定——特别委员会尚未获得与审查相关的所有信息，也尚未完成审查，”超微电脑在文件中表示，“尽管如此，公司已认真对待安永表达的担忧，并将仔细考虑特别委员会的调查结果以及特别委员会在审查结束后建议的任何补救措施或其他行动。”On Wednesday, super micro computer expressed in a document that the company's auditing institutions have resigned.
$Super Micro Computer (SMCI.US)$ On Wednesday, the company stated in a document that its auditing institutions have resigned. In response to this news, the stock plummeted 30% at the opening.
Super Micro Computer stated that Ernst & Young accounting firm sent a resignation letter to the board of directors' audit committee members on October 24.
"Although the company acknowledges Ernst & Young's decision as final, it disagrees with their decision to resign as the company's independent registered public accounting firm - the special committee has not yet received all information related to the review, nor completed the review," Super Micro Computer stated in the document. "Nevertheless, the company has taken Ernst & Young's concerns seriously and will carefully consider the results of the special committee's investigation as well as any remedial measures or other actions recommended by the special committee after the review is completed."
Super Micro Computer stated that the chair of the audit committee discussed the reasons for Ernst & Young's resignation and has begun the search for an independent registered public accounting firm as a successor.
"It is currently anticipated that the resolution of any matters raised by Ernst & Young or under consideration by the special committee, as described below, will not result in any restatements to its quarterly reports for the fiscal year 2024 ending June 30, 2024 or any prior fiscal years."
It is understood that Super Micro Computer was previously involved in an accounting scandal. According to reports from September, Super Micro Computer is formally under investigation by the U.S. Department of Justice for suspected accounting irregularities. This action was triggered by a detailed report released by a well-known short-selling institution - Muddy Waters Research, which accused Super Micro Computer of numerous violations in its financial reports. These issues include improper revenue recognition, inaccurate cost calculations, and potential misappropriation of funds.
Super Micro Computer has stated that it will fully cooperate with the U.S. Department of Justice's investigation and has committed to taking necessary steps to address any potential issues.
It is worth noting that super micro computer's competitors $Dell Technologies (DELL.US)$ Both increased by over 6%, both providing server racks for AI computers.
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