7 unchanged sentences
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 Company’s annual or interim financial statements will not be prevented or detected on a timely basis.
−Removed: Management has assessed the effectiveness of our internal control over financial reporting as of October 31, 2021, and concluded that, due to the weakness we identified below, our disclosure controls and procedures are not effective.
−Removed: Our risk assessment procedures over certain of our contractual arrangements requiring the payment of royalties for the licensing of technology from third-parties did not adequately identify the risks and consider the Company’s obligations based on the recognition of oncology services revenue.
−Removed: As a result, the Company had missing process level controls over the review of royalty arrangements and the timely determination and recognition of related liabilities.
+Added: Management has assessed the effectiveness of our internal control over financial reporting as of January 31, 2022, and concluded that, due to the weakness we identified below, our disclosure controls and procedures are not effective.
+Added: For the fiscal year ended April 30, 2021, our risk assessment procedures over certain of our contractual arrangements requiring the payment of royalties for the licensing of technology from third-parties did not adequately identify the risks and consider the Company’s obligations based on the recognition of oncology services revenue.
+Added: As a result, the Company had
+Added: missing process level controls over the review of royalty arrangements and the timely determination and recognition of related liabilities.
Remediation Plan
−Removed: The Company’s management has begun to design and implement certain measures to address the above-described material weakness and enhance the Company’s internal control in order to remediate this material weakness.
−Removed: As part of our remediation measures, the Company will continue to implement plans to enhance the Company’s process and controls including ensuring adequate identification and review of royalty agreement terms and obligations which have been formalized as of the date of this quarterly Form 10-Q.
+Added: During fiscal year 2022, the Company’s management designed and implemented certain measures to address the above-described material weakness and enhance the Company’s internal control in order to remediate this material weakness.
+Added: As part of our remediation measures, the Company will continue to monitor its control environment which has included enhanced processes and controls such as ensuring adequate identification and review of royalty agreement terms and obligations which have been formalized as of the date of this quarterly Form 10-Q.
Notwithstanding such material weakness in internal control over financial reporting, our management concluded that our consolidated financial statements in this quarterly report on Form 10-Q present fairly, in all material respects, the Company’s financial position, results of operations and cash flows as of the dates, and for the periods presented, in conformity with U.S.
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.