What is 10-K Item 9a?
CONTROLS AND PROCEDURES. MANAGEMENT’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING. Background.
What is Item 9a?
Disclosure Controls and Procedures. The Company’s management, including the Chief Executive Officer and Chief Financial Officer, evaluated the Company’s disclosure controls and procedures (as defined in Rule 13a-15(e) under the Exchange Act), as of December 31, 2013.
Do you need to disclose significant deficiencies?
A: A registrant is obligated to identify and publicly disclose all material weaknesses. If management identifies a significant deficiency it is not obligated by virtue of that fact to publicly disclose the existence or nature of the significant deficiency.
What is the purpose of management’s report on internal control over financial reporting?
Management’s Report on Internal Control over Financial Reporting Report. Management is responsible for establishing and maintaining an adequate system of internal control over financial reporting, including safeguarding of assets against unauthorized acquisition, use or disposition.
What is a 302 certification?
Content of Certification. Section 302 of the Act states that the required certification is to made by an issuer’s principal executive officer or officers and principal financial officer or officers, or persons performing similar functions. The required certification contains several statements.
What is worse material weakness vs significant deficiency?
A significant deficiency is less severe than a material weakness in that it is unlikely to have a material impact on financial statements, but it is, “important enough to merit attention by those responsible for oversight of the company’s financial reporting,” according to the PCAOB.
What is the difference between control deficiency and significant deficiency?
Control deficiencies are less severe than significant deficiencies. Significant deficiencies – A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.
What does 10-K mean?
10K = 10,000 (ten thousand)
When to use Form 10-K under the Securities Exchange Act?
GENERAL INSTRUCTIONS Rule as to Use of Form 10-K. This Form shall be used for annual reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m or 78o(d)) (the “Act”) for which no other form is prescribed. This Form also shall be used for transition reports ﬁ led pursuant to Section 13 or 15(d) of the Act.
What is item 1 on Form 10-K?
ITEM 1. BUSINESS In this Annual Report on Form 10-K(the “Form 10-K”),references to the “Company” and to “we,” “us,” and “our” refer to Pivotal Investment Corporation II.
What is not included in the annual report on Form 10-K?
This Annual Report on Form 10-Kdoes not include a report of management’s assessment regarding internal control over financial reporting or an attestation report of our independent registered public accounting firm due to a transition period established by rules of the SEC for newly public companies.
What is Form 10-K for the year ended December 31?
FORM 10-K Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the year ended December 31, 2019 Commission File Number 001-38971 PIVOTAL INVESTMENT CORPORATION II (Exact name of registrant as specified in its charter)