Faraday Future Announces Appointment of New Independent Auditor
Faraday Future (NASDAQ: FFIE), a California-based global intelligent electric mobility company, has appointed Macias Gini & O'Connell LLP (MGO) as its new independent auditor.
MGO replaces Mazars USA LLP, with the change effective from June 21, 2024. MGO is recognized as a top 50 global assurance, tax, and advisory firm. This appointment will be up for ratification at the next annual stockholder meeting.
Jonathan Maroko, Interim CFO, expressed optimism about working with MGO to enhance the company's accounting and finance operations.
- Appointment of MGO, a top 50 global assurance firm, may strengthen financial reporting.
- Planned submission for stockholder ratification shows transparency.
- Change of auditors may indicate underlying financial reporting issues.
- Previous auditor Mazars USA LLP's term ended abruptly on May 31, 2024.
- MGO Appointed as Independent Registered Public Accounting Firm -
MGO is an Accounting Today top 50 global assurance, tax, and advisory CPA firm headquartered in
“I am pleased to welcome MGO as our new independent auditor. We look forward to working with them and further strengthening our accounting and finance organization,” said Jonathan Maroko, Interim Chief Financial Officer.
ABOUT FARADAY FUTURE
Faraday Future is the pioneer of the Ultimate AI TechLuxury ultra spire market in the intelligent EV era, and the disruptor of the traditional ultra-luxury car civilization epitomized by Ferrari and Maybach. FF is not just an EV company, but also a software-driven intelligent internet company. Ultimately FF aims to become a User Company by offering a shared intelligent mobility ecosystem. FF remains dedicated to advancing electric vehicle technology to meet the evolving needs and preferences of users worldwide, driven by a pursuit of intelligent and AI-driven mobility.
FORWARD-LOOKING STATEMENTS
This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions). Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the Securities and Exchange Commission (“SEC”), including those described in the “Risk Factors” section of the Company’s Form 10-K filed with the SEC on May 28, 2024, as amended on May 30, 2024.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240624546356/en/
Investors (English): ir@faradayfuture.com
Investors (Chinese): cn-ir@faradayfuture.com
Media: john.schilling@ff.com
Source: Faraday Future Intelligent Electric Inc.
FAQ
What significant change did Faraday Future (FFIE) announce?
When will Faraday Future's new auditor MGO's appointment be effective?
Which firm did MGO replace as Faraday Future's independent auditor?
Will Faraday Future's new auditor appointment be ratified by stockholders?
Who is Faraday Future's Interim Chief Financial Officer?
