Material weakness
high
Filing comparison
MicroAlgo Inc. reported a material weakness in internal control
Internal control reported effective → Material weakness in internal control
Specifically, we lacked sufficient resources regarding financial reporting and accounting personnel with understanding of U.S. GAAP, in particular, to address complex U.S. GAAP technical accounting issues, related disclosures in accordance with U.S. GAAP and financial reporting requirements set forth by the SEC. In addition, we have identified material weaknesses in information technology general control (“ITGC”) in the areas of: (1) user account management and segregation of duties and (2) risk assessment and…
Evidence
- Current state
- material_weakness
- Current state label
- Material weakness in internal control
- Direction
- newly reported
- Prior filed
- 2025-04-28
- Prior form
- 20-F
- Prior state
- effective
- Prior state label
- Internal control reported effective
- Remediation stated
- No
- Severity
- high
- Source
- Item 9A internal control conclusion, compared with the prior filing
- Why
- The company's conclusion on internal control over financial reporting changed: a material weakness was newly reported, or a previously reported one no longer appears.