It was the short sellers and panicked investors who drove the stock price down without permission. Why does the company need to apologize? The focus should be on the independent auditing firm that breached the client contract by quitting halfway without a sense of responsibility. If it is a sincere company, it will fulfill its mission to the end.
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papasan
:
The reason the auditor raised was that the company did not have a proper response to the auditor's questions and questions that could be applied to the public. This is natural when considering auditors' responsibilities to the public. You can't persuade others what you're not convinced of. If we do something sloppy, we won't be able to survive. The root of all evil lies in the company that caused the disaster. The president is responsible for all of that.
Well, regardless if that audit company (rival company or something) is a spin-off of a bad organization, etc.
J_M_RIN
:
I really dislike the issue starting from Hindenburg, it's not acceptable to nitpick and complain without any basis. I hope for an explanation, but I don't know what will happen. I just always get angry with Hindenburg's approach, so I support SMCI. I'm not familiar with the details regarding the audit firm, so I don't know...
NOIR(のあ)
:
I don't really understand the thread owner's claim, but is there any merit for EY if the audit firm EY resigns on its own? It violates compliance, so I think the choice to quit is natural. The reason they have been doing it over and over again seems to be due to confusion during business restructuring, but it seems true that EY itself also has problems. The reason for his resignation this time is clearly that concerns about governance have arisen, so if it's false, then it will end as an audit firm, isn't it?
papasan : The reason the auditor raised was that the company did not have a proper response to the auditor's questions and questions that could be applied to the public.
This is natural when considering auditors' responsibilities to the public.
You can't persuade others what you're not convinced of.
If we do something sloppy, we won't be able to survive.
The root of all evil lies in the company that caused the disaster.
The president is responsible for all of that.
Well, regardless if that audit company (rival company or something) is a spin-off of a bad organization, etc.
tm_speedstyle371 OP papasan : Similar incidents have already occurred in dozens of companies.
J_M_RIN : I really dislike the issue starting from Hindenburg, it's not acceptable to nitpick and complain without any basis. I hope for an explanation, but I don't know what will happen. I just always get angry with Hindenburg's approach, so I support SMCI.
I'm not familiar with the details regarding the audit firm, so I don't know...
NOIR(のあ) : I don't really understand the thread owner's claim, but is there any merit for EY if the audit firm EY resigns on its own? It violates compliance, so I think the choice to quit is natural. The reason they have been doing it over and over again seems to be due to confusion during business restructuring, but it seems true that EY itself also has problems. The reason for his resignation this time is clearly that concerns about governance have arisen, so if it's false, then it will end as an audit firm, isn't it?