5 unchanged sentences
A material weakness is a deficiency, or a 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: As previously disclosed in our 2020 10-K, as a result of our expanding business operations and geographic scope, primarily related to our acquisition of a majority interest in Cisneros Interactive in October 2020, we have experienced a significant increase in the volume of accounting transactions, the number of jurisdictions in which we operate and the number of control activities necessary to properly present consolidated results.
+Added: As previously disclosed in our 2020 10-K, as a result of our expanding business operations and geographic scope, primarily related to our acquisition of a majority interest in Cisneros Interactive in October 2020, we have experienced a significant increase in
+Added: the volume of accounting transactions, the number of jurisdictions in which we operate and the number of control activities necessary to properly present consolidated results.
Cisneros Interactive operates in multiple countries, uses multiple currencies and, prior to the acquisition, was a private company with limited accounting and financial reporting personnel and other resources with which to address its internal controls and procedures.
11 unchanged sentences
hired additional accounting personnel in certain of our foreign locations, to strengthen our accounting resources to address the increase in control activities.
−Removed: initiated the process of hiring additional accounting personnel in our corporate office, to strengthen our accounting resources to address the increase in control activities.
−Removed: documented the key controls at Cisneros Interactive and started testing the design of these controls.
+Added: hired additional accounting personnel in our corporate office, to strengthen our accounting resources to address the increase in control activities.
+Added: documented the key controls at Cisneros Interactive and are testing the design of these controls.
We believe that a remediation plan incorporating the measures described above, as well as any additional measures we may identify and implement, will remediate the previously-identified material weaknesses and strengthen our internal control over financial reporting.
−Removed: As we continue to implement the remediation plan, we may also identify additional measures to address the material weaknesses or modify certain elements of the remediation plan.
+Added: As we continue to implement and test the remediation plan, we may also identify additional measures to address the material weaknesses or modify certain elements of the remediation plan.
We also may implement additional changes to our internal control over financial reporting as may be appropriate in the course of remediating the material weaknesses.
6 unchanged sentences
Changes in Internal Control
−Removed: Other than changes noted above in relation to the material weaknesses identified in the fourth quarter of 2020 related to our acquisition of a majority interest in Cisneros Interactive described above, there have been no changes in our internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.
+Added: Other than changes noted above in relation to the material weaknesses identified in the fourth quarter of 2020 related to our acquisition of a majority interest in Cisneros Interactive in October 2020 described above, there have been no changes in our internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.
OTHER INFO RMATION
+Added: LEGAL PROCEEDINGS
+Added: We are subject to various outstanding claims and other legal proceedings that may arise in the ordinary course of business.
+Added: In the opinion of management, any liability that may arise out of or with respect to these matters will not materially adversely affect our financial position, results of operations or cash flows.
+Added: RI SK FACTORS
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.