Aug. 3 at 2:41 AM
$SMCI These are just some companies that also had to remediate ICFR weaknesses, tell me what did you see in the quarters prior to remediation. Were they similar to this progression?
$TSLA $DASH $AKAM $YETI
$SMCI Reporting date and Stage reached
June 2024 Weaknesses identified
September 2024 Remediation planning
December 2024 Planning and organisational preparation
March 2025 New accounting leadership and process controls
June 2025 Broader implementation, second adverse ICFR opinion
September 2025 ERP/SOD redesign and IT architecture overhaul
December 2025 ITSM, monitoring and close-process controls added
March 2026 Preventive automation and effectiveness testing