What changed in this filing

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Item 4. Controls and Procedures

2023-05-10 compared with 2022-11-09 · 43 added, 17 removed, 44 unchanged (58% of the section changed)

28 unchanged sentences

31, 2022, as disclosed under the caption “Management’s Report on Internal Control over Financial Report” in Item 9A

of our Annual Report on Form 10-K for the year ended December 31, 2021, due to a material weakness in our internal control over financial

reporting described below, which has not been remediated as of September 30, 2022.

of our 2022 Annual Report, due to material weaknesses in our internal control over financial

reporting described below, which have not been remediated as of March 31, 2023.

material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is

1 unchanged sentence

or detected on a timely basis.

Management has concluded that a material weakness existed as of December 31, 2021, with respect to its

Israel component:

were not designed, documented, and maintained to ensure accurate reporting of results in Israel including (i) insufficient design

and operating effectiveness of management review controls including the appropriate level of precision required to mitigate the potential

for a material misstatement, (ii) insufficient documentation evidencing management’s review to support the financial statement

close process and (iii) inadequate verification for completeness and accuracy of key reports.

material weakness did not result in any restatements of consolidated financial statements previously reported by us, there were no changes

Management has concluded that material weaknesses existed as of December 31, 2022 with respect to the

were not designed or operating effectively to ensure that the standalone selling prices (SSP),

used to determine the appropriate allocation of revenue in multiple element arrangements,

was appropriate.

Determining SSP involves management judgment, considering among other factors

the adjusted market assessment or the expected cost-plus margin, and management did not review

timely the analysis of SSP or the underlying data supporting the analysis.

were not designed or operating effectively to ensure that the costs capitalized for internal

use software were appropriate.

Specifically, these controls did not provide for adequate

review or documentation of the amounts capitalized and the related phase of the project.

Furthermore, controls were not designed or operating effectively to ensure that the costs

for software to be sold, leased or marketed were appropriate.

Specifically, these controls

did not provide for adequate review or documentation of the amounts capitalized and when

projects met technological feasibility.

over the financial statement close process were not designed or operating effectively to

ensure the appropriate level of management review, including the appropriate level of precision,

adequate evidence of management’s review, and the completeness and accuracy of key

material weaknesses did not result in any restatements of consolidated financial statements previously reported by us, there were no changes

in previously released financial results and management concluded that the consolidated financial statements included in this report

1 unchanged sentence

conformity with accounting principles generally accepted in the United States.

will take certain steps to remediate the material weakness described above and otherwise improve the overall design and operation of

will take certain steps to remediate the material weaknesses described above and otherwise improve the overall design and operation of

our control environment.

These steps include:

external resources to support our efforts to rework certain control gaps across the various processes in Israel with identified deficiencies;

enhanced documentation associated with management review controls and validation of the completeness and accuracy of key reports

of relevant personnel reinforcing existing policies and enhanced policies with regards to the appropriate steps and procedures required

to be performed related to the execution and documentation of internal controls.

● Implementing

of a new enterprise resource planning (ERP) system

● Utilizing external resources to support its efforts to rework certain control

gaps across the various processes in Israel and the U.S.

with identified deficiencies

● Implementing

enhanced documentation associated with management review controls and validation of the completeness

and accuracy of key reports in Israel and the U.S.

● Training of relevant personnel reinforcing existing policies and enhanced

policies with regards to the appropriate steps and procedures required to be performed related to the execution and documentation of internal

Ernst & Young LLP, our independent registered

public accounting firm that audited the consolidated financial statements included in our 2022 Annual Report, issued an attestation report

on the effectiveness of our internal control over financial reporting which appeared in Part II, Item 8, “Financial Statements

and Supplementary Data” of our 2022 Annual Report.

Changes in internal control over financial reporting.

was no change in our system of internal control over financial reporting (as defined in Rule 13a-15(f) under the Securities Exchange

Act of 1934) during the quarter ended September 30, 2022 that has materially affected, or is reasonably likely to materially affect,

our internal control over financial reporting.

There was no change in our system of internal control over financial reporting

(as defined in Rule 13a-15(f) under the Exchange Act) during the quarter ended March 31, 2023 that has materially affected, or is reasonably

likely to materially affect, our internal control over financial reporting.

On March 31, 2023, we completed the acquisition of Movingdots.

We are currently integrating policies, processes, people, technology and operations for the combined companies.

Management will continue to evaluate our internal control over financial reporting as we execute integration activities.

II - OTHER INFORMATION

5 unchanged sentences

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.

What changed 10-Q

Item 4. Controls and Procedures