2 unchanged sentences
officer), evaluated the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rules
−Removed: 13a-15(e) and 15d-15(e) under the Exchange Act) as of July 31, 2020.
−Removed: Based on that evaluation, management concluded that the disclosure
−Removed: controls and procedures employed at the Company were not effective to provide reasonable assurance that the information required
−Removed: to be disclosed by us in the reports that we file or submit under the Securities Exchange Act of 1934 is recorded, processed,
+Added: 13a-15(e) and 15d-15(e) under the Exchange Act) as of October 31, 2020.
+Added: Based on that evaluation, management concluded that the
+Added: disclosure controls and procedures employed at the Company were not effective to provide reasonable assurance that the information
+Added: required to be disclosed by us in the reports that we file or submit under the Securities Exchange Act of 1934 is recorded, processed,
summarized and reported within the time periods specified in SEC rules and forms.
9 unchanged sentences
We do not believe we have met the full requirement for separation for financial reporting purposes.
−Removed: continue to operate with a limited number of accounting and financial personnel.
−Removed: For the quarter ending July 31, 2020 the Company
−Removed: did not have a Controller, but this position was filled in September 2020.
−Removed: Training will be required to fulfill disclosure control
−Removed: and procedure responsibilities, including review procedures for key accounting schedules and timely and proper documentation of
−Removed: material transactions and agreements.
−Removed: Until sufficient training has taken place for this new Controller, we believe this control
−Removed: deficiency represents material weaknesses in internal control over financial reporting.
−Removed: To mitigate the effects of the material
−Removed: weakness identified in our annual report, the Company contracted with an outside CPA to perform a secondary review of
−Removed: our quarterly report filed on Form 10-Q.
−Removed: the material weaknesses in financial reporting noted above, we believe that our financial statements included in
+Added: the quarter ending October 31, 2020, a Controller was hired by the Company in September 2020.
+Added: Training will be required to fulfill
+Added: disclosure control and procedure responsibilities, including review procedures for key accounting schedules and timely and proper
+Added: documentation of material transactions and agreements.
+Added: Until sufficient training has taken place for this new Controller, we believe
+Added: this control deficiency represents material weaknesses in internal control over financial reporting.
+Added: To mitigate the effects of
+Added: the material weakness identified in our annual report, the Company contracted with an outside CPA to perform a secondary review
+Added: of our quarterly report filed on Form 10-Q.
+Added: the material weaknesses in financial reporting noted above, we believe that our consolidated financial statements included in
this report fairly present our financial position, results of operations and cash flows as of and for the periods presented in
6 unchanged sentences
than those mentioned above, there were no changes in our internal control over financial reporting during the fiscal quarter ended
−Removed: July 31, 2020 that has materially affected, or is reasonably likely to materially affect, our internal control over financial
+Added: October 31, 2020 that has materially affected, or is reasonably likely to materially affect, our internal control over financial
RISK INDUSTRIES, INC.
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.