What changed in this filing

/stocks — the workspaceLOADING

Item 4. Controls and Procedures

2022-11-14 compared with 2022-05-06 · 36 added, 12 removed, 11 unchanged (81% of the section changed)

1 unchanged sentence

Controls and Procedures

the end of the period covered by this Quarterly Report on Form 10-Q for the quarter ended March 31, 2022, an evaluation was carried

out under the supervision of and with the participation of our management, including the CEO and the Chief Financial Officer (“CFO”),

of the effectiveness of the design and operations of our disclosure controls and procedures (as defined in Rule 13a-15(e) and

Rule 15d-15(e) under the Exchange Act).

Based on that evaluation, the CEO and the CFO have concluded that, as of the end of the

period covered by this Quarterly Report, our disclosure controls and procedures were effective in ensuring that:

(i) information

required to be disclosed by us in reports that we file or submit to the SEC under the Exchange Act is recorded, processed, summarized,

and reported within the time periods specified in applicable rules and forms and (ii) material information required to be disclosed

in our reports filed under the Exchange Act is accumulated and communicated to management, including the CEO and the CFO, as appropriate,

to allow for accurate and timely decisions regarding required disclosure.

the end of the period covered by this Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, an evaluation was

carried out under the supervision of and with the participation of our management, including the CEO and the Chief Financial Officer

(“CFO”), of the effectiveness of the design and operations of our disclosure controls and procedures (as defined in

Rule 13a-15(e) and Rule 15d-15(e) under the Exchange Act).

Based on that evaluation, the CEO and the CFO have concluded that,

as of the end of the period covered by this Quarterly Report, our disclosure controls and procedures were not effective due to

the material weakness in internal control over financial reporting described below.

Company’s disclosure controls and procedures have been designed to ensure that:

(i) information required to be disclosed

by us in reports that we file or submit to the SEC under the Exchange Act is recorded, processed, summarized, and reported within

the time periods specified in applicable rules and forms and (ii) material information required to be disclosed in our reports

filed under the Exchange Act is accumulated and communicated to management, including the CEO and the CFO, as appropriate, to

allow for accurate and timely decisions regarding required disclosure.

does not expect that our disclosure controls and procedures will prevent all error and all fraud.

3 unchanged sentences

implementing and evaluating controls and procedures and the assumptions used in identifying the likelihood of future events.

Weakness in Internal Control over Financing Reporting Existing as of September 30, 2022

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 our annual or interim consolidated financial statements will not be

prevented or detected on a timely basis.

management concluded that we did not maintain effective internal control over financial reporting as of September 30, 2022, due

to a material weakness relating to our controls, specifically, the Company’s controls over the accounting for non-routine

transactions were not adequately designed to ensure the consideration of all related relevant accounting guidance when such transactions

were recorded.

This material weakness resulted in the restatement of the Company’s consolidated financial statements as

of and for the fiscal years ended June 30, 2022 and 2021 and the interim periods ended September 30, 2021, December 31, 2021 and

March 31, 2022.

Additionally, this material weakness could result in a misstatement of the aforementioned account balances or

disclosures that would result in a material misstatement to the annual or interim consolidated financial statements that would

not be prevented or timely detected.

Plan for the Material Weakness

order to remediate the material weakness, the Company’s management plans to enhance the design of its control over the consideration

of all related relevant accounting guidance for the initial recording and subsequent measurements of non-routine transactions.

The material weakness cannot be considered remediated until the newly designed control activity operates for a sufficient period

of time and management has concluded, through testing, that all related relevant accounting guidance for non-routine transactions

has been considered in connection with the Company’s normal quarterly close and review procedures for each quarter.

the material weakness is remediated, we will continue to perform additional analyses and other post-closing procedures to ensure

that our consolidated financial statements are prepared in accordance with U.S.

in Internal Control over Financial Reporting

have been no changes in the Company’s internal control over financial reporting during the three months ended March 31,

have been no changes in the Company’s internal control over financial reporting during the three months ended September

30, 2022, that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over

2 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.

What changed 10-Q

Item 4. Controls and Procedures