Company: TR
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001558370-25-001926
Chunk: 27

Company: TOOTSIE ROLL INDUSTRIES INC
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8F
Chunk 27
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ITEM 8.               Financial Statements and Supplementary Data.

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Management’s Report on Internal Control Over Financial Reporting

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The management of Tootsie Roll Industries, Inc. is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is defined in the Securities Exchange Act of 1934 (SEC) Rule 13a-15(f). Company management conducted an evaluation of the effectiveness of the Company’s internal control over financial reporting as of December 31, 2024 as required by SEC Rule 13a-15(c). In making this assessment, the Company used the criteria established in Internal Control—Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (the COSO criteria). Based on the Company’s evaluation under the COSO criteria, Company management concluded that its internal control over financial reporting was effective as of December 31, 2024.

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The effectiveness of the Company’s internal control over financial reporting as of December 31, 2024 has been audited by Grant Thornton LLP (PCAOB ID: 248), an independent registered public accounting firm, as stated in their report which is included herein.

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