Controls and Procedures.
−Removed: Management’s Evaluation of our Disclosure Controls and Procedures
−Removed: Under the supervision of and with the participation of our management, including our Chief Executive Officer, who is our principal executive officer, and our Chief Financial Officer, who is our principal financial officer, we conducted an evaluation of the effectiveness of our disclosure controls and procedures as of June 30, 2023 the end of the period covered by this Quarterly Report.
+Added: Evaluation of Disclosure Controls and Procedures
+Added: Under the supervision of and with the participation of our management, including our Chief Executive Officer, who is our principal executive officer, and our Chief Financial Officer, who is our principal financial officer, we conducted an evaluation of the effectiveness of our disclosure controls and procedures as of September 30, 2023 the end of the period covered by this Quarterly Report.
The term “disclosure controls and procedures,”
6 unchanged sentences
Because of the inherent limitations in a control system, misstatements due to error or fraud may occur and not be detected.
−Removed: Based on the evaluation of our disclosure controls and procedures as of June 30, 2023, our chief executive officer and chief financial officer concluded that, as of such date, our disclosure controls and procedures were effective at the reasonable assurance level.
+Added: Based on the evaluation of our disclosure controls and procedures as of September 30, 2023, our Chief Executive Officer and Chief Financial Officer concluded that, as of such date, our disclosure controls and procedures were effective at the reasonable assurance level.
Changes in Internal Control over Financial Reporting
−Removed: In connection with the preparation of the Company’s financial statements for the year ended December 31, 2022, as previously disclosed in our Form 10-K, as filed on March 24, 2023 certain matters involving internal control over financial reporting rose to the level of a material weakness.
−Removed: Specifically, the Company noted 1) insufficient segregation of duties within the Company’s control activities and procedures throughout the year, and 2) an insufficient level of detail to identify all relevant risks of material misstatement including the risks associated with the accounting treatment and financial reporting of non-recurring complex transactions.
−Removed: These factors contributed to a material weakness in the application of U.S.
−Removed: GAAP to effectively evaluate the accounting treatment for certain non-recurring complex transactions during the quarter ended September 30, 2022.
−Removed: The material weakness in our disclosure controls and procedures continued to exist as of the first quarter of 2023.
−Removed: In the second quarter of 2023, this material weakness was remediated as a result of the following actions taken during the year:
−Removed: As part of our management internal control assessment, we reassigned roles and responsibilities in the accounting and finance functions in the accounting system to mitigate risks associated with segregation of duties.
−Removed: We engaged with a third-party consultant to assist management with identifying and correctly accounting for non-recurring complex transactions.
+Added: There were no changes in our internal control over financial reporting identified in management's evaluation pursuant to Rules 13a-15(d) or 15d-15(d) of the Exchange Act during the period covered by this Quarterly Report on Form 10-Q that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
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.