Supermicro sees no restatement of quarterly reports for fiscal year 24

In a regulatory filing, Supermicro (SMCI) said the chairman of the audit committee discussed the reasons for EY's resignation with Ernst & Young. The company has begun searching for an independent, registered accounting firm to replace it. The Company will authorize EY to fully respond to the independent registered public accounting firm's inquiries following its selection. The Company does not currently expect that the resolution of the matters raised by EY or reviewed by the Special Committee will result in any restatement of its quarterly reports for the 2024 fiscal year ended June 30, 2024 or for any prior fiscal year. EY was engaged on March 15, 2023 to perform an audit for the Company's fiscal year ended June 30, 2024 and has not issued a report on the Company's financial statements or the Company's internal control over financial reporting. EY resigned while conducting the audit for the company's fiscal year ended June 30, 2024, the first audit EY conducted on behalf of the company.