Endava Under Investigation Over Accounting Practices; CFO Placed on Leave
- Reports
- 4
- Developments
- 2
- Repetition
- 50%
New informationRepeats or wire copies
What happened
Block & Leviton is investigating Endava for potential securities law violations concerning its accounting practices. On September 21, 2026, Endava announced that its Chief Financial Officer, Mark Thurston, was placed on administrative leave. The inquiry seeks to determine if Endava or its executives made misstatements or omissions to investors about the company's accounting treatment of certain customer and supplier agreements.
From pr-inside.com
Why it matters
The investigation focuses on Endava's accounting treatment of customer and supplier agreements. Following the announcement, Endava shares fell approximately 12.2% in after-market trading. The inquiry aims to determine if the company violated federal securities laws.
From pr-inside.com
Who's involved
- EndavaBritish IT Company under investigation for potential securities law violations.
- Mark ThurstonChief Financial Officer of Endava, currently placed on administrative leave.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- EndavaSpeculative
Endava might face increased costs or reduced investment funding due to the ongoing investigation into its accounting practices.
How it developed
Newest first. Tap a step to see who reported it.Lawsuit filed in Southern District of NY; CFO Mark Thurston placed on leave.1 source
Investigation into Endava regarding securities law violations; CFO Mark Thurston placed on leave.1 source