Company: GHRS
Filing Date: 2025-02-27
Form Type: 20-F
Source: 0001140361-25-006175
Chunk: 123

Company: GH Research PLC
Filing Date: 2025-02-27
Form: 20-F
Item: Item 15
Chunk 123
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 on such evaluation, management, including our Chief Executive Officer and Vice President, Finance concluded that, our internal control over financial reporting was effective as of December 31, 2024.
 
C.
Attestation Report of the Registered Public Accounting Firm
 
This Annual Report does not include an attestation report of the Company’s registered public accounting firm because we are an emerging growth company under the JOBS Act and as such, we are exempted from such attestation requirement.
D.
Changes in Internal Control Over Financial Reporting
 
Other than disclosed below, there were no changes to internal control over financial reporting (as defined in Exchange Act Rule 13a-15(f)) during the fiscal year ended December 31, 2024, that would have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
Remediation of Previously Reported Material Weaknesses
 
As previously described in our Annual Report on Form 20-F for the fiscal year ended December 31, 2023, we identified material weaknesses in our internal control over financial reporting. We determined that we lacked a sufficient number of trained professionals with an appropriate level of accounting knowledge, training and experience to:

●   design and maintain formal accounting policies, procedures and controls over the fair presentation of our financial statements; and,
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●   design and maintain controls over the preparation and review of account reconciliations, journal entries and financial statements, including maintaining appropriate segregation of duties and controls
                                                                                      over information technology systems.                                                                                 
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  Since our initial public offering in 2021, we completed the following measures to remediate the underlying causes that gave rise to the previously disclosed material weaknesses:

●   hired additional qualified professionals to enhance the depth and competence of our accounting and finance team;
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●   designed and implemented business process and information technology controls to ensure appropriate segregation of duties is in place, including periodic monitoring controls to ensure segregation of
                                                                                    duties and access remains appropriate;                                                                                
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●   implemented information technology systems, and, designed and implemented information technology general controls to support our internal controls over financial reporting processes and procedures;
                                                                                                     and,                                                                                                
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●   improved the overall oversight and review procedures related to designing and maintaining formal accounting policies and effective financial processes and controls over the fair presentation of
                                     financial statements, including the preparation and review of account reconciliations, journal entries and financial statements.                                
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Management has concluded that