24 unchanged sentences
following remediation steps:
−Removed: The Company will require each third-party service organization to provide a SOC-1, Type 2 report to us.
+Added: The Company will require each third-party service organization to provide a SOC-1, Type 2 report to the
+Added: Company for management to review and make adjustments to the remediation plans, as necessary.
If a SOC-1, Type 2 report is not available, the Company will evaluate each third-party’s relevant
system(s) and reporting directly through inquiry and substantive testing of such third-party’s control environment.
−Removed: If we are unable to obtain a valid SOC-1 Type 2 report or perform substantive testing of such third-party
−Removed: service organization’s control environment, the Company will implement a qualification and program triaging process, which would include
−Removed: modifying customer contracts, limiting the volume of activity with those third-parties and establishing other controls to ensure the completeness
−Removed: and accuracy of information received from those third-parties, such as performing tagging procedures where possible.
+Added: If the Company is unable to obtain a valid SOC-1 Type 2 report or perform substantive testing of such
+Added: third-party service organization’s control environment, the Company will implement a qualification and program triaging process, which
+Added: would include modifying customer contracts, limiting the volume of activity with those third-parties and establishing other controls to
+Added: ensure the completeness and accuracy of information received from those third-parties, such as performing tagging procedures where possible.
Management believes the measures described above
will remediate the material weakness that we have identified.
−Removed: During the quarter ended March 31, 2024, the Company continued to engage
+Added: During the quarter ended June 30, 2024, the Company continued to engage
with the third-party service organizations to discuss the reporting requirements.
As management continues to evaluate and improve our
−Removed: disclosure controls and procedures and internal control over financial reporting, the Company may decide to take additional measures to
−Removed: address control deficiencies or determine to modify certain of the remediation measures identified.
+Added: disclosure controls and procedures and internal controls over financial reporting, the Company may decide to take additional measures
+Added: to address control deficiencies or determine to modify certain of the remediation measures identified.
Changes in Internal Control over Financial
1 unchanged sentence
our internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act), that occurred during the quarter
−Removed: ended March 31, 2024 that has materially affected, or is reasonably likely to materially affect, our internal control over financial
+Added: ended June 30, 2024 that has materially affected, or is reasonably likely to materially affect, our internal control over financial
Limitations on the Effectiveness of Controls
14 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.