Brief: CPI Aerostructures Said Determined Financial Statements Which Were Included In Form 10-K For Year Ended Dec 31, 2022 Should No Longer Be Relied Upon

CPI Aerostructures

03/04/2024 22:41

April 3 (Reuters) - CPI Aerostructures Inc  CVU.A :
    * CPI AEROSTRUCTURES - DETERMINED FINANCIAL STATEMENTS WHICH
WERE
INCLUDED IN FORM 10-K FOR YEAR ENDED DEC 31, 2022 SHOULD NO
LONGER BE RELIED UPON
    * CPI AEROSTRUCTURES-MANAGEMENT'S REPORT ON EFFECTIVENESS OF
INTERNAL CONTROL OVER FINANCIAL REPORTING, FOR SUCH PERIOD
SHOULD NO LONGER BE RELIED UPON
    * CPI AEROSTRUCTURES INC - IS IN PROCESS OF REMEDIATING
MATERIAL
WEAKNESS IN INTERNAL CONTROLS AND RELATED DISCLOSURE CONTROLS
AND PROCEDURES
    * CPI AEROSTRUCTURES-IS IN PROCESS OF REMEDIATING MATERIAL
WEAKNESS IN INTERNAL CONTROLS,  DISCLOSURE CONTROLS,PROCEDURES
THAT LED TO DEFERRED TAX ERROR
    * CPI AEROSTRUCTURES INC - BELIEVES THERE IS NO MATERIAL
IMPACT TO
PREVIOUSLY REPORTED NET DEFERRED TAX ASSET ON ITS DECEMBER 31,
2022 BALANCE SHEET
    * CPI AEROSTRUCTURES - BELIEVES THERE IS NO MATERIAL IMPACT
TO
PREVIOUSLY REPORTED NET INCOME, EPS OR CASH FLOW FOR TWELVE
MONTHS ENDED DEC 31, 2022

Source text for Eikon:  ID:n0001999371-24-004426 
Further company coverage:  CVU.A 

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