Company: VPLM
Filing Date: 2025-12-23
Form Type: 10-K
Source: 0001493152-25-029094
Chunk: 557

Company: Voip-pal.com Inc
Filing Date: 2025-12-23
Form: 10-K
Item: Item 9A
Chunk 557
---
,” established by the Public Company Accounting Oversight
Board (“PCAOB”), a material weakness is a deficiency or combination of deficiencies that results more than a remote likelihood
that a material misstatement of annual or interim financial statements will not be prevented or detected.

In
connection with the assessment described above, management identified the following control deficiencies that represent material weaknesses
as of September 30, 2025:

    -
    No formal codes of conduct.

    -
    No dual authorization on
    bank disbursements.

    -
    Lack of reconciliation
    and reviews

Based
on this evaluation, our management, including our Chief Executive Officer and Chief Financial Officer, concluded that, as of September
30, 2025, our disclosure controls and procedures were not effective due to the material weaknesses in our internal control over financial
reporting, relating to no formal codes of conduct, no dual authorization on bank disbursements and lack of reconciliation and reviews.

Remediation

In
response to the material weaknesses described above, the Company will be implementing a remediation plan to address these deficiencies.
The plan will include measures to enhance its documentation of a formal code of conduct. Management is in the process of establishing
dual authorization procedures for all bank disbursements and implementing a regular review process with clearly defined roles and responsibilities,
along with reconciliation tools to ensure timely and accurate comparisons of financial data.

The
Company will continue to monitor and evaluate the effectiveness of its internal control over financial reporting on an ongoing basis.
If the remediation plan is not sufficient to eliminate the material weaknesses, management will consider what additional actions would
be required.

Item
9B. Other Information.

Not
Applicable.

37

PART
III

Item
10. Directors, Executive Officers and Corporate Governance.

The
following table sets forth the names and ages of our current directors and executive officers, the principal offices and positions with
us held by each person and the date of their appointment. Our executive officers were appointed by our Board of Directors. Our directors
serve until the earlier occurrence of the election of his or her successor at the next meeting of stockholders, death, resignation or
removal by the Board of Directors. There are no family relationships among our directors and executive officers.

    Name
     
    Age
     
    Position
     
    Year
    Appointed
  
    Emil Malak
     
    73
     
    Director, Chief Executive Officer, President
     
    2014
  
    Jin Ku