What changed in this filing

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Item 4. Controls and Procedures

2016-10-26 compared with 2016-08-05 · 38 added, 33 removed, 2 unchanged (97% of the section changed)

Evaluation of Disclosure

Controls and Procedures

of Disclosure Controls and Procedures

Chief Executive Officer (principal executive officer) and Chief Financial Officer (principal financial officer) reviewed the effectiveness

of our disclosure controls and procedures as of the end of the period covered by this report and concluded that as of June 30,

2016, (i) the Company’s disclosure controls and procedures were not effective to ensure that material information relating

to the Company is recorded, processed, summarized, and reported within the time periods specified in the rules and forms of the

Securities and Exchange Commission (the “Commission”), and (ii) the Company’s controls and procedures have not

been designed to ensure that information required to be disclosed by the Company in the reports that it files or submits under

the Securities Exchange Act of 1934, as amended, is accumulated and communicated to the Company’s management, including

its principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely

decisions regarding required disclosure.

in Internal Controls Over Financial Reporting

were no changes in our internal control over financial reporting identified in connection with our evaluation of these controls

as of the fiscal quarter covered by this report that has materially affected, or is reasonably likely to materially affect, our

internal control over financial reporting.

Limitations on Effectiveness of Controls

Company’s management does not expect that its disclosure controls or its internal control over financial reporting, when

and if effective, will prevent or detect all error and all fraud.

A control system, no matter how well designed and operated,

can provide only reasonable, not absolute, assurance that the control system’s objectives will be met.

The design of a control

system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to

Further, because of the inherent limitations in all control systems, no evaluation of controls can provide absolute

assurance that misstatements due to error or fraud will not occur or that all control issues and instances of fraud, if any, within

the Company have been detected.

These inherent limitations include the realities that judgments in decision making can be faulty

and that breakdowns can occur because of simple error or mistake.

Controls can also be circumvented by the individual acts of

some persons, by collusion of two or more people, or management override of the controls.

The design of any system of controls

is based in part on certain assumptions about the likelihood of future events, and there can be no assurance that any design will

succeed in achieving its stated goals under all potential future conditions.

Over time, controls may become inadequate because

of changes in conditions or deterioration in the degree of compliance with policies or procedures.

Our Chief Executive Officer

(principal executive officer) and Chief Financial Officer (principal financial officer) reviewed the effectiveness of our disclosure

controls and procedures as of the end of the period covered by this report and concluded that as of September 30, 2016, (i) the

Company’s disclosure controls and procedures were not effective to ensure that material information relating to the Company

is recorded, processed, summarized, and reported within the time periods specified in the rules and forms of the Securities and

Exchange Commission (the “Commission”), and (ii) the Company’s controls and procedures have not been designed

to ensure that information required to be disclosed by the Company in the reports that it files or submits under the Securities

Exchange Act of 1934, as amended, is accumulated and communicated to the Company’s management, including its principal executive

and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required

Changes in Internal

Controls Over Financial Reporting

There were no changes

in our internal control over financial reporting identified in connection with our evaluation of these controls as of the fiscal

quarter covered by this report that has materially affected, or is reasonably likely to materially affect, our internal control

over financial reporting.

Inherent Limitations

on Effectiveness of Controls

The Company’s management

does not expect that its disclosure controls or its internal control over financial reporting, when and if effective, will prevent

or detect all error and all fraud.

A control system, no matter how well designed and operated, can provide only reasonable, not

absolute, assurance that the control system’s objectives will be met.

The design of a control system must reflect the fact

that there are resource constraints, and the benefits of controls must be considered relative to their costs.

Further, because

of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that misstatements

due to error or fraud will not occur or that all control issues and instances of fraud, if any, within the Company have been detected.

These inherent limitations include the realities that judgments in decision making can be faulty and that breakdowns can occur

because of simple error or mistake.

Controls can also be circumvented by the individual acts of some persons, by collusion of two

or more people, or management override of the controls.

The design of any system of controls is based in part on certain assumptions

about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals

under all potential future conditions.

Over time, controls may become inadequate because of changes in conditions or deterioration

in the degree of compliance with policies or procedures.

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.

What changed 10-Q

Item 4. Controls and Procedures