Trump Media Warns Of ‘Material Weakness’ In Financial Controls

Trump Media said it had 'material weakness' in internal controls

Trump Media & Technology Group Corp. showed “material weakness” in internal controls over financial reporting, raising risks of misstatements, the firm’s latest quarterly result showed.  The company carried out an evaluation of its disclosures and controls and found that procedures were not effective, the report said. It cited “failure to design and maintain formal accounting policies, processes, and controls to analyze, and account for complex …

Trump Media Warns Of ‘Material Weakness’ In Financial Controls

The company behind Truth Social acknowledged internal control flaws that could lead to “material misstatements” on its financial disclosures.

Trump Media’s losses narrow, sales rise in first quarter of Trump 2.0 era

The company says it hopes to “expand robustly throughout the America First economy.” Article Attribution | Read More at Article Source The post Trump Media’s losses narrow, sales rise in first quarter of Trump 2.0 era appeared first on RocketNews.

Trump Media Reports Major Financial Control Weaknesses Amid Losses

timesng.com: NEW YORK, NY — Trump Media & Technology Group, the parent company of Truth Social, has disclosed significant weaknesses in its financial reporting controls, according to a recent filing with the Securities and Exchange Commission (SEC). The company cited these weaknesses in a quarterly earnings report released on Friday, revealing a net loss of $31.7 […] This post Trump Media Reports Major Financial Control Weaknesses Amid Losses ap…

Trump Media Warns Of ‘Material Weakness’ In Financial Controls – Forbes - Corruption By Cops

Trump Media Warns Of ‘Material Weakness’ In Financial Controls  Forbes Source link The post Trump Media Warns Of ‘Material Weakness’ In Financial Controls – Forbes first appeared on Corruption By Cops.

Trump Media admits ‘material weakness’ in its financial controls

The post Trump Media admits ‘material weakness’ in its financial controls appeared on BitcoinEthereumNews.com. Trump Media & Technology Group said its financial control systems are broken, and it doesn’t have the people or policies in place to handle its own accounting. The company released this information on Thursday in a filing, confirming that it found a “material weakness” in how it handles financial reports. The issue increases the risk th…