Reported Earlier, CPI Aerostructures Settles With SEC Over Financial Restatements
Reported Earlier, CPI Aerostructures Settles With SEC Over Financial Restatements
The Company has undertaken to fully remediate its material weakness in internal control over financial reporting and have effective ICFR and disclosure controls and procedures by December 31, 2024, to publicly disclose, concurrent with the filing of the Company's 2024 Annual report on Form 10-K, whether in management's opinion, the Company has fully remediated its material weaknesses in ICFR and has effective ICFR and DCP and to certify its compliance. If the Company fails to comply with these undertakings, a civil monetary penalty in the amount of $400,000 will be due to the SEC by June 30, 2025.
該公司已承諾在2024年12月31日之前徹底解決其財務報告內部控制的實質性缺陷，並具有有效的ICFR和披露控制和程序。同時，隨着公司2024年在10-K表格上的年度報告的提交，公開披露公司是否已在ICFR方面徹底解決了其實質性缺陷並具有有效的ICFR和DCP，並證明其遵守情況。如果公司未能遵守這些承諾，則需在2025年6月30日之前向SEC繳納400,000美元的民事罰款。
譯文內容由第三人軟體翻譯。