What changed in this filing

/stocks — the workspaceLOADING

Item 9A. Controls and Procedures

2021-03-11 compared with 2020-03-05 · 25 added, 25 removed, 253 unchanged (17% of the section changed)

2 unchanged sentences

Our disclosure controls and procedures are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms.

Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by us in reports we file or submit under the Exchange Act is accumulated and communicated to our management, including the Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure.

As of December 31, 2019 , an evaluation was conducted under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, of the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) and Rule 15d-15(e) of the Exchange Act).

Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by us in reports we file or submit under the Exchange Act is accumulated and communicated to our management, including the Chairman and Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure.

As of December 31, 2020, an evaluation was conducted under the supervision and with the participation of our management, including our Chairman and Chief Executive Officer and Chief Financial Officer, of the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) and Rule 15d-15(e) of the Exchange Act).

Based on this evaluation, such officers have concluded that our disclosure controls and procedures were effective as of December 31, 2020.

24 unchanged sentences

EXHIBITS, FINANCIAL STATEMENT SCHEDULES

The following documents are filed as part of this annual report.

(a) The following documents are filed as part of this annual report.

Financial Statements

2 unchanged sentences

Schedule II - Valuation and Qualifying Accounts - included below.

Exhibit Number

Exhibit Description

Exhibit Number Exhibit Description

Form of Separation Agreement between Altisource Portfolio Solutions S.A.

188 unchanged sentences

Certification of the Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

Pursuant to Rule 405 of Regulation S-T, the following financial information from the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 is formatted in XBRL interactive data files:

101* Pursuant to Rule 405 of Regulation S-T, the following financial information from the Company’s Annual Report on Form 10-K for the year ended December 31, 2020 is formatted in Inline XBRL interactive data files:

(i) Consolidated Balance Sheets as of December 31, 2020 and December 31, 2019;

(ii) Consolidated Statements of Operations and Comprehensive Income (Loss) for each of the years in the three-year period ended December 31, 2019;

(ii) Consolidated Statements of Operations and Comprehensive Loss for each of the years in the three-year period ended December 31, 2020;

(iii) Consolidated Statements of Equity for each of the years in the three-year period ended December 31, 2020 (iv) Consolidated Statements of Cash Flows for each of the years in the three-year period ended December 31, 2020;

1 unchanged sentence

and (vi) Financial Statement Schedule.

104* Cover Page Interactive Data File formatted as Inline XBRL and contained in Exhibit 101

______________________________________

5 unchanged sentences

For the years ended December 31, 2020, 2019 and 2018:

(in thousands)

Balance at Beginning of Period

Charged to Expenses

Charged to Other Accounts Note (1)

(in thousands) Balance at Beginning of Period Charged to Expenses Charged to Other Accounts Note (1)

Deductions Note (2)

1 unchanged sentence

Deductions from asset accounts:

Allowance for doubtful accounts:

Allowance for doubtful accounts and expected credit losses:

Year 2020 $ 4,472 $ 2,229 $ — $ 1,120 $ 5,581

Year 2019 10,883 720 ( 70 ) 7,061 4,472

Year 2018 10,579 2,830 ( 7 ) 2,519 10,883

Valuation allowance for deferred tax assets:

Year 2020 $ 355,559 $ 16,668 $ — $ — $ 372,227

Year 2019 46,751 308,808 — — 355,559

Year 2018 46,283 468 — — 46,751

______________________________________

For allowance for doubtful accounts, primarily includes amounts previously written off which were credited directly to this account when recovered.

For allowance for doubtful accounts, amounts written off as uncollectible or transferred to other accounts or utilized.

(1) For allowance for credit losses, primarily includes amounts previously written off which were credited directly to this account when recovered.

(2) For allowance for credit losses, amounts written off as uncollectible or transferred to other accounts or utilized.

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

8 unchanged sentences

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

Signature Title Date

/s/ William B.

Chairman and Chief Executive Officer

March 5, 2020

(Principal Executive Officer)

Lead Independent Director

March 5, 2020

Shepro Chairman and Chief Executive Officer March 11, 2021

Shepro (Principal Executive Officer)

Burg Lead Independent Director March 11, 2021

/s/ Joseph L.

March 5, 2020

/s/ Roland Müller-Ineichen

March 5, 2020

Morettini Director March 11, 2021

/s/ Roland Müller-Ineichen Director March 11, 2021

Roland Müller-Ineichen

/s/ Michelle D.

Chief Financial Officer

March 5, 2020

(Principal Financial Officer and Principal Accounting Officer)

Esterman Chief Financial Officer March 11, 2021

Esterman (Principal Financial Officer and Principal Accounting Officer)

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-K

Item 9A. Controls and Procedures