Company: INTG
Filing Date: 2025-09-30
Form Type: 10-K
Source: 0001493152-25-016154
Chunk: 205

Company: INTERGROUP CORP
Filing Date: 2025-09-30
Form: 10-K
Item: Item 7A
Chunk 205
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 detection of unauthorized acquisition, use or disposition of the Company’s
assets that could have a material effect on the financial statements.

Because
of its inherent limitations, internal control over financial reporting may not prevent or detect errors or misstatements in the Company’s
consolidated financial statements. 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. Management assessed the effectiveness of the Company’s internal control over financial reporting as of June 30, 2025.
In making these assessments, management 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 assessments and those criteria, management determined that
our internal controls over financial reporting were not effective as of June 30, 2025 due to material weakness described above.

66

As
a smaller reporting company, we are not required to include, and this Annual Report does not contain, an attestation report of our independent
registered public accounting firm regarding internal control over financial reporting pursuant to Section 404(b) of the Sarbanes-Oxley
Act.

This
report shall not be deemed to be filed for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that
section, and is not incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless
of any general incorporation language in such filing.

CHANGES
IN INTERNAL CONTROL OVER FINANCIAL REPORTING

During
the quarter ended June 30, 2025, we began implementing the remediation activities described above (policy updates, enhanced review controls,
and use of specialists). Other than these actions, there were no changes in our internal control over financial reporting (as defined
in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during the fiscal year ended June 30, 2025 that have materially affected, or
are reasonably likely to materially affect, our internal control over financial reporting. The remediation activities have not yet been
fully implemented or operated for a sufficient period for management to conclude they are effective.

Item
9B. Other Information.

During
the fiscal quarter ended June 30, 2025, none of the Company’s directors or officers adopted, modified, or