INTERNATIONAL PAPER CO /NEW/ (IP): Material weakness disclosed
Severity scores the disclosed filing signal, not a judgment about the company or its securities.
What was disclosed
We could be exposed to liability for Brazilian taxes under our agreements with Sylvamo Corporation. • Failure to remediate a material weakness in DS Smith’s internal control over financial reporting could adversely affect our business and results of operations.
Why it matters
A material weakness is a deficiency in internal control over financial reporting that could allow a material misstatement to go undetected.