FutureFuel Corp. (FF): Material weakness disclosed
Severity scores the disclosed filing signal, not a judgment about the company or its securities.
What was disclosed
ss of maintaining our internal controls may be expensive, and time consuming, and may require significant attention from management. We previously identified a material weakness in our internal control over financial reporting related to review controls of our cash flow statement.
Why it matters
A material weakness is a deficiency in internal control over financial reporting that could allow a material misstatement to go undetected.