Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 232

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 15
Chunk 232
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 and (iii) provide reasonable

assurance regarding prevention

or timely detection

of unauthorized acquisition,

use, or disposition

of the

company’s assets that could have a material effect on the financial statements.

Management has

conducted an

assessment of

the effectiveness

of the

Company’s internal

control over

financial reporting based on the framework established in Internal Control - Integrated Framework issued

by the

Committee of

Sponsoring Organizations of

the Treadway

Commission (2013

Framework). Based

on

this

assessment,

management

has

determined

that

the

Company’s

internal

control

over

financial

reporting as of December 31, 2024 is effective.

The registered

public accounting firm

that audited

the financial

statements included

in this

annual report

containing

the

disclosure

required

by

this

Item

15

has

issued

an

attestation

report

on

management's

assessment of our internal control over financial reporting.

112

c)

Attestation Report of Independent Registered Public

Accounting Firm

The attestation report

on the Company’s

internal control over

financial reporting issued

by the registered

public

accounting

firm

that

audited

the

Company’s

consolidated

financial

statements,

Deloitte

Certified

Public Accountants

S. A., appears

on page F-4

of the

financial statements

filed as part

of this annual

report.

d) Changes in Internal Control over Financial Reporting

None.

Inherent Limitations on Effectiveness of Controls

Our management, including

our Chief

Executive Officer

and our

Chief Financial Officer,

does not expect

that our disclosure

controls or our

internal control over

financial reporting will

prevent or detect

all error and

all fraud. A

control system, no matter

how well designed

and operated, can

provide only reasonable,

not

absolute,

assurance

that

the

control

system’s

objectives

will

be

met.

Further,

because

of

the

inherent

limitations

in

all

control

systems,

no

evaluation

of

controls

can

provide

absolute

assurance

that

misstatements due to

error or fraud

will not occur

or that all

control issues and

instances of fraud,

if any,

within the Company have been detected. These