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97 Meta Auditor EY Raised Red Flag on Data-Center Accounting

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msmash @ Slashdot 3 place · today 07:00 EDT

Meta Auditor EY Raised Red Flag on Data-Center Accounting

Meta Platforms' latest annual report contained an unusual, cautionary note for investors. From a report: The tech giant's auditor, Ernst & Young, raised a red flag over the financial engineering Meta used to keep a $27 billion data-center project off its balance sheet. While EY ultimately blessed Meta's accounting treatment, the firm flagged it as a "critical audit matter." This means it was one of the hardest, riskiest judgments the auditor had to make.

Such a warning label is rare for a specific, high-p

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