Imagine if BDO decides to pull out suddenly... It's gonna be EPIC..

Umami66 : Large audit firms only take on legit customers they can work with. They have too much to lose otherwise.

You think BDO's board would blindly sign their death warrant after the controversy of EY pulling out? Think again..

0MATRIX0 : possible, and when management refuse to corporate and not signing

SYHs : EY's exit is when management fails to provide documents for auditing earnings reports.

1663848926 : get in before too late... company with good business and in AI field will have bright future... won't becos of audit related topic and delisted from market.... they need investor money to growing further ....

Umami66 SYHs : indeed.. EY's pull out was mostly due avoiding liability and consequential losses for auditing delays when SMCI could not get their finances out in time.. it has nothing to do with EYs capability nor SMCIs compliance..

SYHs Umami66 : 你可以去看看安永退出時發表的聲明稿，他們不願意跟supermicro高層所編製的財報有任何關係。

XiNXiN0504 Umami66 : Agreed..and BDO is so called the big 5

Money Thrill : SuperMicro is well on the road to recovery with cautious

Umami66 SYHs : I've read it. Essentially, SMCI submitted financial documents to EY at the eleventh hour.
If EY is unable to rectify it in time, before the compliance submission deadline, SMCI can then claim losses stating EYs delays.

Basically, some teams work faster than others.. EY has too many red tapes and when considered, they will not make it in time for submission. EY had to announce their exit to protect themselves against liabilities.

102612452 : Wait till BDO see their financials report first