Hawkeye Systems, Inc. (HWKE): Material weakness disclosed
Severity scores the disclosed filing signal, not a judgment about the company or its securities.
What was disclosed
Exchange Act is actually disclosed or filed. Our management concluded that this is due to material weaknesses including (i) the Company having only one officer handling all financial transactions, (ii) lack of appropriate operational controls and consistency in providi
Why it matters
A material weakness is a deficiency in internal control over financial reporting that could allow a material misstatement to go undetected.