Company: OMQS
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001813
Chunk: 577

Company: OMNIQ Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 577
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The
financial statements required by this Item are included as a separate section of this report commencing on page F-1.

ITEM
9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

NONE

17

ITEM
9A. CONTROLS AND PROCEDURES

(a)
Evaluation of Disclosure and Control Procedures

We
maintain “disclosure controls and procedures”, as such terms are defined under Exchange Act Rule 13a-15(e), that are designed
to ensure that information required to be disclosed in our Exchange Act reports is recorded, processed, summarized, and reported within
the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to our management,
including our Chief Executive Officer (“CEO”) and Principal Accounting Officer, as appropriate, to allow timely decisions
regarding required disclosures. The Company acknowledges that any controls and procedures can provide only reasonable assurances of achieving
the desired control objectives.

We
have carried out an evaluation as required by Rule 13a-15(d) under the supervision of and with the participation of our management, including
our Chief Executive Officer and Principal Accounting Officer, of the effectiveness of the design and operation of our disclosure controls
and procedures as of December 31, 2024. Based upon their evaluation, the Chief Executive Officer and Principal Accounting Officer concluded
that, as of December 31, 2024, the Company’s disclosure controls and procedures were not effective. Although we have determined
that the existing controls and procedures are not effective, the deficiencies identified have not been deemed material to our reporting
disclosures.

(b)
Management’s Report on Internal Controls over Financial Reporting

The
Company’s management is responsible for establishing and maintaining adequate internal control over financial reporting, as such
term is defined in Exchange Act Rules 13a-15(f) and 15d-15(f). Internal control over financial reporting refers to the process designed
by, or under the supervision of, our Chief Executive Officer and Principal Accounting Officer, and affected by our Board, management
and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial
statements for external purposes in accordance with generally accepted accounting principles.

Internal
control over financial reporting cannot provide absolute assurance of achieving their objectives. Internal control over financial reporting
is a process that involves human diligence and compliance and is subject to lapses in judgement and breakdowns resulting from human failures.
Due to their inherent limitations