5 unchanged sentences
Accordingly, even effective disclosure controls and procedures can only provide reasonable assurance that control objectives are attained.
−Removed: The Company identified deficiencies in its internal control over financial reporting that represented material weaknesses as of December 31, 2020.
−Removed: Specifically, the Company’s management determined that the Company did not, as of December 31, 2020, design and maintain effective internal controls over financial reporting.
−Removed: The material weaknesses relate to:
−Removed: (1) ineffective design and operation of controls over nonrecurring transactions, including recognition of items and cash flow presentation relating to disposal transactions, and operating ineffectiveness of controls relating to impairment evaluations;
−Removed: (2) ineffective design and operating effectiveness over forecasts used in business combinations and impairment evaluations;
−Removed: and (3) the ineffective design and operating effectiveness of the assessment of going concern.
−Removed: The Company believes that, notwithstanding the material weaknesses mentioned above, the consolidated financial statements contained in this Quarterly Report present fairly, in all material respects, the consolidated financial position, results of operations, comprehensive loss, stockholders’ equity, and cash flows of the Company and its subsidiaries in conformity with generally accepted accounting principles in the United States as of the dates and for the periods stated therein.
−Removed: The Company’s management, including its principal executive officer and principal financial officer, have evaluated the effectiveness of the Company’s disclosure controls and procedures, as defined by Rule 13a-15(e) and 15d-15(e) of the Exchange Act as of September 30, 2021, and has concluded that the Company’s disclosure controls and procedures were not effective as of September 30, 2021, due to the material weaknesses in internal control over financial reporting described above
−Removed: Remediation Plan and Status
−Removed: The Company has implemented remediations plan to address the material weaknesses identified at December 31, 2020.
−Removed: Key elements of this ongoing plan include:
−Removed: • Implemented monitoring controls over the review and validation of both tangible and intangible assets;
−Removed: • Expanded controls over impairments of goodwill and long-lived assets;
−Removed: • Enhanced specificity in the design and implementation of controls around nonrecurring, complex accounting activities, with the assistance of technical subject-matter experts;
−Removed: • Implemented controls for forecasting and budgeting, to include additional process documentation and precision;
−Removed: • Expanded monthly management review controls;
−Removed: • Enhanced existing control procedures around the quarterly going concern analysis process.
−Removed: In 2021, the Company made a strategic decision to bring internal audit in-house and hired a director of internal audit to manage internal controls and the remediation plan.
−Removed: Through a structured process of testing and monitoring elements of the remediation plan, we expect the identified material weaknesses to be fully remediated by the end of 2021.
−Removed: Changes in Internal Control Over Financial Reporting
−Removed: There have been no changes in the Company’s system of internal control over financial reporting (identified in connection with the evaluation required by Rule 13a-15(d) and Rule 15d-15(d) under the Exchange Act) during the three months ended September 30, 2021, that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.
+Added: Based upon this evaluation, our principal executive officer and principal financial officer have concluded that our internal control over financial reporting disclosure controls and processes were effective as of March 31, 2022
+Added: Changes in Internal Controls over Financial Reporting
+Added: There have been no changes in the Company’s system of internal control over financial reporting (identified in connection with the evaluation required by Rule 13a-15(d) and Rule 15d-15(d) under the Exchange Act) during the three months ended March 31, 2022, that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.
PART II - OTHER INFORMATION
+Added: There are no material changes since the Company’s Annual Report on Form 10-K filed with the SEC on March 31, 2022.
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.