Company: WRBY
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001504776-25-000010
Chunk: 145

Company: Warby Parker Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 9A
Chunk 145
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 and accuracy of data and information used to reconcile and analyze certain key accounts, and perform the review of manual journal entries. We previously concluded that these material weaknesses arose because we did not have the necessary business processes, systems, personnel, and related internal controls necessary to satisfy our accounting and financial reporting requirements.

In order to remediate these material weaknesses, we have invested significantly in our IT environment and added critical resources to our team. The actions we took to remediate the material weaknesses included the following:

•designed and implemented IT general controls to manage access and program changes across our key systems and improve IT-dependent and application controls within our proprietary and third party systems;

•implemented the general ledger, supply chain, and inventory management components of a market leading ERP system, to help prevent and detect errors, enforce segregation of duties, enforce controls around the review of manual journal entries, and reduce our reliance on proprietary systems;

•engaged expert SOX consultants to assist in the coordination, development, and implementation of controls in our control environment and deficiency remediation efforts;

•conducted trainings for control owners covering proper control design, execution and review documentation, and source data validation;

•improved review controls and processes, documentation of the completeness and accuracy of source data, and timeliness of account reconciliations; and

•continued hiring of additional qualified accounting, financial reporting, and IT personnel with public company SOX experience.

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Through testing of our internal controls completed during the quarter and year ended December 31, 2024, our management determined that the controls related to the remediation actions discussed above were effectively designed and operated effectively for a sufficient period of time to enable us to conclude that the material weaknesses have been remediated as of December 31, 2024.

Changes in internal control over financial reportingOther than the remediation measures described in “Remediation of Previously Reported Material Weaknesses” above, there were no changes in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during the quarter ended December 31, 2024 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Report of Independent Registered Public Accounting Firm

Our independent registered public accounting firm, Ernst & Young LLP, has issued an audit report on our internal control over financial reporting as of December 31, 2024, which is included in Item 8 of this Annual Report on Form