The tech company probe’s findings come on the heels of Big Four accounting firm EY resigning in October from its position as its registered public accounting firm.

Shares of Super Micro Computer surged more than 20% after a special committee ruled it found "no evidence of misconduct" at the embattled artificial intelligence server maker, and appointed a new chief accounting officer.

Just over a month after Ernst & Young resigned as its public accounting firm, Super Micro Computer says a review committee has found no evidence of fraud or misconduct among the server maker’s leaders

Super Micro Computer has begun the search for a new finance chief based on recommendations made by a special committee formed to look into the AI server maker's accounting practices, the company said on Monday.

Super Micro Computer soared Monday after a special committee's review found no evidence of misconduct. EY had resigned as auditor in October.

Super Micro Computer Inc. said an independent review of its business found no evidence of misconduct but recommended that the server maker appoint new top financial and legal leadership.

Super Micro’s former auditor raised concerns in July about the company’s accounting practices and internal financial controls.