Home / Business and Economy / Endava CFO Ousted Amid Accounting Probe
Endava CFO Ousted Amid Accounting Probe
30 Sep
Summary
- Endava CFO placed on administrative leave pending investigation.
- Auditors raised concerns about accounting for agreements.
- Investors have until November 30, 2026, to join class action.
Endava plc is facing scrutiny as its Chief Financial Officer, Mark Thurston, was placed on administrative leave on September 21, 2026. This decision stems from an independent investigation initiated by the company's Audit Committee, prompted by concerns from external auditors regarding the accounting treatment of specific customer and supplier agreements.
The investigation has raised questions about the effectiveness of Endava's internal controls. As a consequence, the company delayed its fourth quarter and full year 2026 financial results. This uncertainty led to a sharp decline in Endava's stock price, dropping by 24.37% the day after the announcement, causing significant investor losses.
Faruqi & Faruqi, LLP, a securities law firm, is investigating these matters and has filed a federal securities class action. Investors who purchased Endava securities between September 4, 2025, and September 21, 2026, may be eligible to participate. The firm is encouraging potential lead plaintiffs to file a motion with the court by November 30, 2026, to oversee the litigation.
