Cybersecurity
Darktrace Hires Ernst & Young for Review After Short Seller Report
- QCM says it welcomes the decision for independent review
- Darktrace says it stands behind its accounting practices
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Darktrace Plc, the British cybersecurity company that’s been the target of short-seller reports, said it’s hired accounting firm EY to review “key financial processes.”
The company said in a statement on Monday that it stands behind its results and is commissioning the audit to put down doubts about its accounting that short seller Quintessential Capital Management raised last month. Darktrace refutes QCM’s accusations.