Internal Controls and Financial Reporting - The company has identified material weaknesses in internal controls related to the accounting for complex financial instruments and income taxes [426]. - As of December 31, 2022, the company's Chief Executive Officer and Chief Financial Officer concluded that disclosure controls and procedures were not effective due to material weaknesses [425]. - Management plans to enhance the evaluation and implementation of applicable accounting standards over time [426]. - The company has implemented remediation steps to improve internal control over financial reporting, including expanding the review process for complex securities [431]. - There were no changes in internal control over financial reporting during the most recent fiscal quarter that materially affected its effectiveness [432]. - The company believes its audit committee complies with all applicable requirements of the Sarbanes-Oxley Act and SEC regulations [454]. Governance and Ethics - The compensation committee is responsible for reviewing and approving executive compensation and performance goals [455]. - The nominating and corporate governance committee evaluates the performance of the Board of Directors and recommends candidates for nomination [459]. - The company has adopted a Code of Business Conduct and Ethics applicable to all employees and directors [464]. Financial Statements - Management believes that the financial statements present fairly in all material respects the financial position and results of operations for the period presented [425].
Atlantic stal Acquisition (ACAH) - 2022 Q4 - Annual Report