6 unchanged sentences
Under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, we conducted an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act as of the end of the period covered by this report (the evaluation date).
−Removed: Based on this evaluation, because of the material weaknesses in internal control over financial reporting described below, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were not effective at the reasonable assurance level as of March 31, 2021.
+Added: Based on this evaluation, because of the material weaknesses in internal control over financial reporting described below, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were not effective at the reasonable assurance level as of June 30, 2021.
A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the annual or interim financial statements will not be prevented or detected on a timely basis.
−Removed: As described in our annual report on Form 10-K for the year ended December 31, 2020, management determined that the following control deficiencies that constituted material weaknesses in our internal control over financial reporting existed as of December 31, 2020, and continue to exist as of March 31, 2021.
+Added: As described in our annual report on Form 10-K for the year ended December 31, 2020, management determined that the following control deficiencies that constituted material weaknesses in our internal control over financial reporting existed as of December 31, 2020 and continued to exist as of June 30, 2021.
The Company did not design and maintain effective controls related to the review of cash flow forecasts used in the valuation of intangible assets acquired in a business combination and the goodwill impairment analyses.
1 unchanged sentence
These control deficiencies did not result in a misstatement to our consolidated financial statements for the year ended December 31, 2020.
−Removed: However, these control deficiencies, if not remediated, could result in a misstatement to the annual or interim consolidated financial statements which would result in a material misstatement of the annual or interim consolidated financial statements that would not be prevented or detected.
+Added: However, these control deficiencies could result in a misstatement to the annual or interim consolidated financial statements which would result in a material misstatement of the annual or interim consolidated financial statements that would not be prevented or detected.
Accordingly, our management has determined that these control deficiencies constitute material weaknesses .
Remediation Plan
−Removed: Our management, with oversight from our Audit Committee, has developed and is in the process of implementing a remediation plan in response to the identified material weaknesses described above.
−Removed: To date we have engaged a third-party firm that is currently assisting in evaluating our current processes through interviews with employees involved in those processes and review of the related work product for controls over the valuation of intangible assets acquired in a business combination and goodwill impairment calculations.
−Removed: This will be followed by recommended changes to those processes and developing educational materials to enhance our employees’ awareness of and focus on documentation and review procedures as well as the design and implementation of additional control activities over the review of the inputs and assumptions in our cash flow forecasts.
+Added: Our management, with oversight from our Audit Committee, has developed and is in process of implementing a remediation plan in response to the identified material weaknesses described above.
+Added: We engaged a third-party firm that assisted us in evaluating our current processes through interviews with employees involved in those processes and review of the related work product for controls related to the valuation of intangible assets acquired in a business combination and goodwill impairment calculations.
+Added: We are currently implementing changes to those processes, conducting training and designing and implementing additional control activities over the review of the inputs and assumptions in our cash flow forecasts.
+Added: The design and implementation of the additional control activities is expected to continue during the third quarter of 2021 and is expected to be completed in our fourth quarter.
These material weaknesses will not be considered remediated until the applicable remediated controls operate for a sufficient period of time and management has concluded, through testing, that these controls are operating effectively.
−Removed: We believe the measures described above will remediate the control deficiencies we have identified and strengthen our internal control over financial reporting.
+Added: We believe the measures described above will remediate the control deficiencies and weaknesses we have identified and strengthen our internal control over financial reporting.
We are committed to continuing to improve our internal control processes and will continue to review, optimize and enhance our financial reporting controls and procedures.
2 unchanged sentences
Changes in Internal Control over Financial Reporting
−Removed: There were no changes in our internal control over financial reporting, as defined in Rules 13a-15(f) and 15d-15(f) of the Exchange Act, during our most recently completed fiscal quarter that materially affected or are reasonably likely to materially affect our internal control over financial reporting.
+Added: There were no changes in our internal control over financial reporting, as defined in Rules 13a-15(f) and 15d-15(f) of the Exchange Act, during the last fiscal quarter covered by this Quarterly Report on Form 10-Q that materially affected or are reasonably likely to materially affect our internal control over financial reporting.
PART II - OTHER INFORMATION
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.