Super Micro Computer, Inc. (SMCI) stock took a significant dive on Thursday after Rosenblatt analyst Hans Mosesmann suspended his rating due to concerns about governance and accounting practices following Ernst & Young’s resignation as the company’s auditor. This follows a short report by Hindenburg in August that accused Super Micro of financial irregularities. The stock is down over 10% as investors react to the unfolding situation.
Cohen & Company, a leading assurance, tax, and business advisory firm, has announced a strategic growth investment from Lovell Minnick Partners (LMP). This investment will fuel Cohen & Company’s expansion, bolster its technology infrastructure, and enhance service offerings across key industries and geographic markets. The partnership marks a significant milestone for Cohen & Company, solidifying its position as a prominent player in the financial services landscape.
Verdant Strategies, founded by industry veteran Rachel Wright, is a specialized accounting and financial services firm catering exclusively to cannabis businesses globally. Drawing on extensive experience from the mature California market, Verdant Strategies provides tailored solutions to address the unique challenges of the burgeoning cannabis industry, including complex tax codes, regulatory compliance, and banking restrictions.
Laurie E. Tolle, managing partner of Maillie LLP, a prominent accounting firm, has joined The Victory Bancorp, Inc.’s Board of Directors. With her almost three decades of expertise in accounting, auditing, and professional services, Tolle will contribute invaluable knowledge to the company. She is renowned for her leadership and vision in the accounting industry, which has led to her success in integrating technology, driving efficiency, and promoting professional growth within Maillie LLP. Prior to Maillie LLP, Tolle held significant roles in public accounting firms and served as the Director of Professional and Technical Services for the Pennsylvania Institute of Certified Public Accountants. The Victory Bancorp, Inc. welcomes Tolle’s expertise and anticipates her significant contributions to shaping the company’s future.
