20 unchanged sentences
indicative of many small companies with small number of staff:
−Removed: segregation of duties consistent with control objectives;
−Removed: written policies and procedures for accounting and financial reporting with respects to the requirements and application of both
−Removed: GAAP and SEC Guidelines;
−Removed: security and restricted access to computer systems including a disaster recovery plan.
+Added: inadequate segregation
+Added: of duties consistent with control objectives;
+Added: insufficient written policies
+Added: and procedures for accounting and financial reporting with respects to the requirements and application of both U.S.
+Added: inadequate security and
+Added: restricted access to computer systems including a disaster recovery plan.
has been implementing and continues to implement measures designed to ensure that control deficiencies contributing to the material weaknesses
6 unchanged sentences
actions planned include:
−Removed: of our accounting processes and control procedures;
−Removed: documentation and implementation of control procedures and the implementation of control monitoring;
−Removed: and remedy gaps in our security and restricted access policies to computer systems and implement a disaster recovery plan.
+Added: re-design of our accounting
+Added: processes and control procedures;
+Added: further documentation and
+Added: implementation of control procedures and the implementation of control monitoring;
+Added: identify and remedy gaps
+Added: in our security and restricted access policies to computer systems and implement a disaster recovery plan.
in Internal Control over Financial Reporting
2 unchanged sentences
Other than those measures, there were no changes in our internal control over financial
−Removed: reporting (as defined in Rule 13a-15(f) and 15d-15(f) under the Exchange Act) during the three months ended March 31, 2022, that materially
+Added: reporting (as defined in Rule 13a-15(f) and 15d-15(f) under the Exchange Act) during the three months ended June 30, 2022, that materially
affected, our internal control over financial reporting as of that date.
6 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.