Changes in Internal Controls Clause Samples
The "Changes in Internal Controls" clause requires a party, typically a company, to disclose and sometimes seek approval for any significant modifications to its internal control systems. This may include changes to processes, procedures, or policies that affect how the company manages financial reporting, compliance, or operational risks. For example, if a company implements a new accounting software or alters its approval hierarchy for expenditures, it would need to notify relevant stakeholders under this clause. The core function of this clause is to ensure transparency and maintain trust by keeping stakeholders informed about changes that could impact the reliability or integrity of the company's internal controls.
Changes in Internal Controls. Except as disclosed in the Registration Statement, the General Disclosure Package and the Final Prospectus, since the end of the Company’s most recent audited fiscal year, there have been no significant changes in internal controls or in other factors that could significantly affect internal controls, including any corrective actions with regard to significant deficiencies and material weaknesses.
Changes in Internal Controls. Since the date of the most recent balance sheet of the Partnership Parties reviewed or audited by ▇▇▇▇▇▇▇▇ & Touche LLP and the audit committee of the board of directors of BGL, (i) the Partnership Parties have not been advised of (A) any significant deficiencies in the design or operation of internal controls that are reasonably likely to adversely affect the ability of the Partnership Parties to record, process, summarize and report financial data, or any material weaknesses in internal controls (whether or not remediated) and
Changes in Internal Controls. Since the date of the latest audited financial statements included in the Disclosure Package, there has been no change in the Company’s internal control over financial reporting that has materially adversely affected, or is likely to affect, the Company’s internal control over financial reporting;
Changes in Internal Controls. Except as disclosed in the Registration Statement or the Prospectus (including the Incorporated Documents), since the date of the latest audited financial statements included or incorporated by reference in the Registration Statement and the Prospectus, there has been no change in the Company’s internal control over financial reporting that has materially and adversely affected, or is reasonably likely to materially and adversely affect, the Company’s internal control over financial reporting.
Changes in Internal Controls. Since the date of the most recent balance sheet of the Partnership Parties reviewed or audited by Deloitte & Touche LLP and the audit committee of the board of directors of BGL, (i) the Partnership Parties have not been advised of (A) any significant deficiencies in the design or operation of internal controls that are reasonably likely to adversely affect the ability of the Partnership Parties to record, process, summarize and report financial data, or any material weaknesses in internal controls (whether or not remediated) and (B) any fraud, whether or not material, that involves management or other employees who have a significant role in the internal controls of the Partnership Parties, and (ii) since that date, there have been no changes in internal controls that have materially affected, or are reasonably likely to materially affect, internal controls, including any corrective actions with regard to significant deficiencies and material weaknesses.