Gen Digital Inc. (GEN): Material weakness disclosed
Severity scores the disclosed filing signal, not a judgment about the company or its securities.
What was disclosed
nt of a registrant’s financial statement will not be prevented or detected on a timely basis. Prior to the acquisition by Gen, MoneyLion reported an identified material weakness in its internal control over financial reporting.
Why it matters
A material weakness is a deficiency in internal control over financial reporting that could allow a material misstatement to go undetected.