International Media Acquisition Corp. (IMAQ): Material weakness disclosed
Severity scores the disclosed filing signal, not a judgment about the company or its securities.
What was disclosed
Treadway Commission (COSO) in Internal Control — Integrated Framework (2013). Based on our assessments and those criteria, due to our determination of the material weaknesses in our disclosure controls, as described above, management determined that we failed to maintain an effective internal control over financial reporting as of M
Why it matters
A material weakness is a deficiency in internal control over financial reporting that could allow a material misstatement to go undetected.