Super Micro Computer announced that an independent committee found no fraud by management during a review of its financial practices, leading to a change in CFO.
The special committee's investigation resulted in no substantial concerns regarding the integrity of senior management or the audit committee's commitment to accurate financial reporting.
Super Micro faced scrutiny from auditors and further investigations after claims of questionable accounting practices, which drew a response from the Department of Justice.
The company transitioned to new auditing firm BDO and is now focused on filing audited financials as it attempts to move past its recent controversies.
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