other material
confidence high
sentiment negative
materiality 0.75
Unisys discloses material weaknesses in disclosure controls and internal controls; no restatement
UNISYS CORP
- Material weaknesses identified in disclosure controls as of Dec 2021, Mar 2022, Jun 2022.
- Internal control over financial reporting ineffective as of Dec 31, 2021.
- Weaknesses stem from ineffective policies for IT and legal/compliance communication to CEO/CFO.
- No expected changes to previously reported or pending financial results.
- Company to file amended 10-K/A for 2021 and amended 10-Q/As for Q1 and Q2 2022.