What changed in this filing

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Item 4. Controls and Procedures

2023-08-10 compared with 2023-05-10 · 38 added, 43 removed, 44 unchanged (65% 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 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.

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 June 30, 2023.

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

2 unchanged sentences

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

present fairly, in all material respects, our financial position, results of operations, and cash flows for the periods presented, in

conformity with accounting principles generally accepted in the United States.

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 reports.

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 present fairly, in all material respects, our financial position, results of operations, and cash flows for the periods presented,

in conformity with accounting principles generally accepted in the United States.

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

1 unchanged sentence

These steps include:

● 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.

external resources to support its efforts to rework certain control gaps across the various processes in Israel and the U.S.

identified deficiencies

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

in Israel and the U.S.

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

& 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.

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.

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 June 30, 2023 that has materially affected, or is reasonably likely to materially affect, our internal control over

financial reporting.

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