Super Micro’s shares jump after server maker says review finds no evidence of misconduct
NEW YORK (AP) — Just over a month after Ernst & Young resigned as its public accounting firm, Super Micro Computer says a review committee has found no evidence of fraud or misconduct among the server maker’s leadership.
Super Micro is also searching for a new chief financial officer and appointing other executives per recommendations from the committee, which began its review several months ago — after EY communicated concerns over issues like transparency, internal control related to financial reporting and integrity of management while conducting its first audit for the company.
Additional information that emerged during this review eventually led EY to resign as Super Micro’s public accountant in October. Super Micro,…
