secwatch.observer — SEC 8-K summary
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Issuer:     BILL Holdings, Inc. (BILL)
CIK:        0001786352
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0001786352-23-000029
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

BILL discloses material weakness in internal controls over quote-to-cash process
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- Material weakness identified in internal control over financial reporting related to quote-to-cash process as of June 30, 2022.
- No impact on previously issued financial statements; all prior filings remain fairly presented.
- Management and EY reports on internal controls as of June 30, 2022 should no longer be relied upon.
- Company to amend its 2022 Form 10-K and Form 10-Qs for Q1 and Q2 of fiscal 2023 to revise control disclosures.
- Disclosure controls and procedures deemed ineffective at reasonable assurance level for periods ended June 30, 2022 through March 31, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1786352/000178635223000029/0001786352-23-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1786352/000178635223000029/bill-20230515.htm
  HTML page:      https://secwatch.observer/filing/0001786352-23-000029

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