Great article, would you like

Like
Comment
Favorite

Great article, would you like to share it?

Stock Track | Super Micro Computer Stock Plunges Over Auditor Resignation Amid Governance Concerns

Shares of Super Micro Computer Inc. , a leading provider of high-performance server solutions, plummeted by over 34% in pre-market trading on Tuesday, October 30th, 2024. The sharp decline came after the company's auditor, Ernst & Young , abruptly resigned, citing concerns over governance, transparency, and the ability to rely on representations from Super Micro's management and audit committee.In a letter to Super Micro's audit committee dated October 24th, EY stated that it was resigning due t

Stock Track | Super Micro Computer Stock Plunges Over Auditor Resignation Amid Governance Concerns

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

Top
Latest

No comments yet

Most Discussed

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":365778005541016,"tweetId":"365778005541016","gmtCreate":1730341381066,"gmtModify":1730341383560,"author":{"id":4192641781859792,"idStr":"4192641781859792","authorId":4192641781859792,"authorIdStr":"4192641781859792","name":"Roy ong and Motorless are gay boy","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":1,"individualDisplayBadges":[],"fanSize":3,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"html":"<html><head></head><body>Great article, would you like to share it?</body></html>","htmlText":"<html><head></head><body>Great article, would you like to share it?</body></html>","text":"Great article, would you like to share it?","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/365778005541016","repostId":1124461623,"repostType":2,"repost":{"id":"1124461623","weMediaInfo":{"introduction":"Track stock‘s movements and relevant news","home_visible":1,"media_name":"Stock Track","id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"pubTimestamp":1730332044,"share":"https://www.laohu8.com/m/news/1124461623?lang=&edition=full","pubTime":"2024-10-31 07:47","market":"hk","language":"en","title":"Stock Track | Super Micro Computer Stock Plunges Over Auditor Resignation Amid Governance Concerns","url":"https://stock-news.laohu8.com/highlight/detail?id=1124461623","media":"Stock Track","summary":"Shares of Super Micro Computer Inc. , a leading provider of high-performance server solutions, plummeted by over 34% in pre-market trading on Tuesday, October 30th, 2024. The sharp decline came after the company's auditor, Ernst & Young , abruptly resigned, citing concerns over governance, transparency, and the ability to rely on representations from Super Micro's management and audit committee.In a letter to Super Micro's audit committee dated October 24th, EY stated that it was resigning due t","content":"<p>Shares of Super Micro Computer Inc. (SMCI), a leading provider of high-performance server solutions, plummeted by over 34% in pre-market trading on Tuesday, October 30th, 2024. The sharp decline came after the company's auditor, Ernst & Young (EY), abruptly resigned, citing concerns over governance, transparency, and the ability to rely on representations from Super Micro's management and audit committee.</p>\n\n<p>In a letter to Super Micro's audit committee dated October 24th, EY stated that it was 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.\"</p>\n\n<p>EY's resignation has raised serious questions about the integrity of Super Micro's financial reporting and accounting practices. The auditor had previously raised concerns about governance, transparency of communications, and internal controls over financial reporting. In response, Super Micro had appointed a special committee in late July to review these matters, engaging external legal and forensic accounting advisors.</p>","source":"ai_movement_en","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Super Micro Computer Stock Plunges Over Auditor Resignation Amid Governance Concerns</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Super Micro Computer Stock Plunges Over Auditor Resignation Amid Governance Concerns\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-10-31 07:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of Super Micro Computer Inc. (SMCI), a leading provider of high-performance server solutions, plummeted by over 34% in pre-market trading on Tuesday, October 30th, 2024. The sharp decline came after the company's auditor, Ernst & Young (EY), abruptly resigned, citing concerns over governance, transparency, and the ability to rely on representations from Super Micro's management and audit committee.</p>\n\n<p>In a letter to Super Micro's audit committee dated October 24th, EY stated that it was 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.\"</p>\n\n<p>EY's resignation has raised serious questions about the integrity of Super Micro's financial reporting and accounting practices. The auditor had previously raised concerns about governance, transparency of communications, and internal controls over financial reporting. In response, Super Micro had appointed a special committee in late July to review these matters, engaging external legal and forensic accounting advisors.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SMCI":"超微电脑"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124461623","content_text":"Shares of Super Micro Computer Inc. (SMCI), a leading provider of high-performance server solutions, plummeted by over 34% in pre-market trading on Tuesday, October 30th, 2024. The sharp decline came after the company's auditor, Ernst & Young (EY), abruptly resigned, citing concerns over governance, transparency, and the ability to rely on representations from Super Micro's management and audit committee.\nIn a letter to Super Micro's audit committee dated October 24th, EY stated that it was 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.\"\nEY's resignation has raised serious questions about the integrity of Super Micro's financial reporting and accounting practices. The auditor had previously raised concerns about governance, transparency of communications, and internal controls over financial reporting. In response, Super Micro had appointed a special committee in late July to review these matters, engaging external legal and forensic accounting advisors.","news_type":1},"isVote":1,"tweetType":1,"viewCount":30,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":35,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}