Controls and Procedures.
−Removed: An evaluation was conducted by our chief executive officer (CEO) and chief financial officer (CFO) 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 Securities Exchange Act of 1934, as amended) as of December 31, 2018.
−Removed: Based on that evaluation, the CEO and CFO concluded that our controls and procedures were not effective as of such date to ensure that information required to be disclosed in the reports that we file or submit under the Securities Exchange Act of 1934 (i) is recorded, processed, summarized, and reported within the time periods specified in Securities and Exchange Commission rules and forms, and (ii) is accumulated and communicated to our management, including our CEO and CFO, as appropriate to allow timely decisions regarding required disclosures.
−Removed: Management is aware that there is a lack of segregation of duties due to the small number of employees dealing with general administrative and financial matters.
−Removed: Management is preparing a travel and entertainment policy that provides for approval of these expenses by independent parties, which mitigates the concerns regarding segregation of duties.
−Removed: The CEO's travel and other expenses will be approved by the Chairman of the Board.
−Removed: For all other employees, the CEO and CFO will approve those expenses.
−Removed: Therefore, we will have adequate controls and segregation of duties over the approval of all expenses reimbursed to employees and consultants.
+Added: An evaluation was conducted by the registrant’s
+Added: Chief Executive Officer (CEO) and Chief Financial Officer (CFO) of the effectiveness of the design and operation of the registrant’s
+Added: disclosure controls and procedures as of December 31, 2021.
+Added: Based on that evaluation, the CEO and CFO concluded that the registrant’s
+Added: controls and procedures were effective as of such date to ensure that information required to be disclosed in the reports that the registrant
+Added: files or submits under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified
+Added: in Securities and Exchange Commission rules and forms.
Change in Internal Controls over Financial Reporting
−Removed: There was no change in the registrant's internal control over financial reporting identified in connection with the evaluation required by paragraph (d) of Rule 13a15 or Rule 15d15 under the Securities Exchange Act of 1934 that occurred during the registrant's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.
+Added: There was no change in the registrant’s internal
+Added: control over financial reporting identified in connection with the evaluation required by paragraph (d) of Rule 13a15 or Rule 15d15
+Added: under the Securities Exchange Act of 1934 that occurred during the registrant’s last fiscal quarter that has materially affected,
+Added: or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.
PART II - OTHER INFORMATION
Legal Proceedings
−Removed: There have been no material developments during the quarter ended December 31, 2018 in any material legal proceedings to which we are a party or of which any of our property is subject.
+Added: Cleartronic is not engaged in any litigation at
+Added: the present time and management is unaware of any claims or complaints that could result in future litigation.
+Added: Management will seek to
+Added: minimize disputes with the Company’s customers but recognizes the inevitability of legal action in today’s business environment
+Added: as an unfortunate price of conducting business.
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.