Company: FXY
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027263
Chunk: 65

Company: Invesco CurrencyShares Japanese Yen Trust
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 65
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Index to Financial Statements

    Documents
    Page

    Report of Management on Internal Control over Financial Reporting
    15

    Report of Independent Registered Public Accounting Firm (PCAOB ID 238)
    16

    Statements of Financial Condition at December 31, 2024 and 2023
    18

    Statements of Comprehensive Income for the Years Ended December 31, 2024 and 2023
    19

    Statement of Changes in Shareholders' Equity and Redeemable Capital Shares for the Year Ended December 31, 2024
    20

    Statement of Changes in Shareholders' Equity and Redeemable Capital Shares for the Year Ended December 31, 2023
    21

    Statements of Cash Flows for the Years Ended December 31, 2024 and 2023
    22

    Notes to Financial Statements
    23

14

Report of Management on Internal Control 

Over Financial Reporting 

Management of Invesco Specialized Products, LLC, as sponsor (the “Sponsor”) of the Invesco CurrencyShares® Japanese Yen Trust (the “Trust”), is responsible for establishing and maintaining adequate internal control over financial reporting, as defined under Rules 13a-15(f) and 15d-15(f) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with U.S. generally accepted accounting principles. 

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. 

We, Brian Hartigan, Principal Executive Officer, and Kelli Gallegos, Principal Financial and Accounting Officer, Investment Pools, of the Sponsor, assessed the effectiveness of the Trust’s internal control over financial reporting as of December 31, 2024. In making this assessment, we used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”) in Internal Control—Integrated Framework (2013). Based on our assessment and those criteria, we have concluded that the Trust maintained effective internal control over financial reporting as of December 31