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It's actually incredibly common. If a company has ever had an issue around reporting, they need to include that. See here how many companies use the same exact
by eigenvalue 6y ago
It's actually incredibly common. If a company has ever had an issue around reporting, they need to include that. See here how many companies use the same exact language:
https://www.sec.gov/edgar/search/#/q=%2522we%2520have%2520identified%2520a%2520material%2520weakness%2522&category=form-cat1 https://www.sec.gov/edgar/search/#/q=%2522we%2520have%2520id...
- TheNorthman 6y agoIsn't it more the second part of the statement that is shocking, that is "may identify additional material weaknesses in the future" rather than "we have identified a material weakness". If so, that cuts the results down from 684 to 205, of which many are from the same company, just at different times. https://www.sec.gov/edgar/search/#/q=%2522may%2520identify%2520additional%2520material%2520weaknesses%2520in%2520the%2520future%2522&category=form-cat1 https://www.sec.gov/edgar/search/#/q=%2522may%2520identify%2...
- tptacek 6y agoTwilio has had an SEC filing with similar language.