2 unchanged sentences
Under the supervision and with the participation of our management, including our principal executive officer and principal financial and accounting officer, we conducted an evaluation of the effectiveness of our disclosure controls and procedures, as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act, as of the end of the period covered by this report.
−Removed: In connection with this review and the audit of our consolidated financial statements for the year ended December 31, 2021, we identified two material weaknesses as were reported previously, which continue to exist as of June 30, 2022.
−Removed: In addition, there were other material weaknesses identified during 2021 that exist as of June 30, 2022.
−Removed: We did not properly design or maintain effective controls over the control environment, risk assessment, monitoring, control activities, and information and communication components of the Committee of Sponsoring Organizations of the Treadway Commission in 2013.
−Removed: Based on this evaluation, our principal executive officer and principal financial and accounting officer have concluded that as a result of the material weaknesses and control deficiencies as reported in our Annual Report on Form 10-K for the year ended December 31, 2021, our disclosure controls and procedures were not effective as of June 30, 2022.
+Added: In connection with this review and the audit of our consolidated financial statements for the year ended December 31, 2021, we identified two material weaknesses as were reported previously, which continue to exist as of March 31, 2022.
+Added: In addition, there were other material weaknesses identified during 2021 that exist as of March 31, 2022.
+Added: We did not properly design or maintain effective controls over the control environment, risk assessment, monitoring, control activities, and
+Added: information and communication components of the Committee of Sponsoring Organizations of the Treadway Commission in 2013.
+Added: Based on this evaluation, our principal executive officer and principal financial and accounting officer have concluded that as a result of the material weaknesses and control deficiencies as reported in our Annual Report on Form 10-K for the year ended December 31, 2021, our disclosure controls and procedures were not effective as of March 31, 2022.
Notwithstanding the weaknesses, our management has concluded that the financial statements included elsewhere in this report present fairly, and in all material respects, our financial position, results of operation and cash flow in conformity with GAAP.
2 unchanged sentences
In order to address and resolve the foregoing material weaknesses, we have begun to implement measures designed to improve our internal control over financial reporting to remediate these material weaknesses, including continuously hiring additional financial personnel with requisite training and experience in the preparation of financial statements in compliance with applicable SEC requirements, formalizing our processes to generate documentation sufficient to support customer orders and purchase orders, and implementing controls to obtain documentation evidencing customer agreements to transaction amounts and account balances.
+Added: In the first quarter of 2022, we hired a Vice President and Head of Internal Audit who reports directly to the interim Chief Financial Officer and to the Audit Committee Chair.
The measures we are implementing are subject to continued management review supported by confirmation and testing, as well as audit committee oversight.
2 unchanged sentences
In addition, until remediation steps have been completed and operated for a sufficient period of time, and subsequent evaluation of their effectiveness is completed, the material weaknesses identified and described above will continue to exist.
−Removed: There have been no other change to our internal control over financial reporting during the three months ended June 30, 2022.
+Added: There have been no other changes to our internal control over financial reporting during the three months ended March 31, 2022.
PART II - OTHER INFORMATION
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.