Audit BDO USA & Supermicro.
$Super Micro Computer (SMCI.US)$ Supermicro recently appointed BDO USA Home as their new independent auditor. This move follows the earlier withdrawal of Ernst & Young (EY), which left the company due to concerns about governance and transparency. BDO will now take responsibility for Supermicro's audits and will also assist with compliance plans to reinstate Nasdaq listing rules.
Supermicro has formed a special committee to investigate previous concerns. This committee concluded that there is NO EVIDENCE of fraud or misconduct, but recommended improvements in internal controls and governance. The company is also working to update their financial reporting, such as the past due 10-K and 10-Q reports.
Supermicro has formed a special committee to investigate previous concerns. This committee concluded that there is NO EVIDENCE of fraud or misconduct, but recommended improvements in internal controls and governance. The company is also working to update their financial reporting, such as the past due 10-K and 10-Q reports.
Conclusion; Everything seems to be gradually getting on track with the necessary caution, of course ![]()
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Money Thrill OP : There is certainly a greater chance that Supermicro will not be delisted? And how would you respond as a business leader? Wouldn't you do your utmost to regain credibility? If you have that many shares?
Money Thrill OP : Imagination is of no use, rational insights are now important, without blah, blah![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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Money Thrill OP : If the course go upwards ... many short-term traders shall follow. They buy and sell soon. Then Some buyers for DCA ... to get lower. Some sellers with little or no loss? So, much volatility is waiting if governance and transparency is better. And remember the price Earnings are very low now for Billion dollar company. The cheapest![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")