"We are 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," stated Ernst & Young’s resignation letter. This points towards deeply concerning issues within Super Micro's management and accounting practices that caused significant disillusionment for their auditor."
"The resignation of Ernst & Young sent shivers down the spine of investors. It serves as a profound warning signal, indicating substantial underlying issues affecting the credibility of Super Micro's financial health and management integrity."
"Back in September, the Wall Street Journal reported that the U.S. Department of Justice was investigating Super Micro Computer over alleged accounting irregularities, which only compounded investor concerns."
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