Company: IVHI
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001683168-25-001303
Chunk: 73

Company: Invech Holdings, Inc.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1A
Chunk 73
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in conditions, or through the deterioration of the degree of compliance with policies or procedures.

Changes in Internal
Control over Financial Reporting

There was no change in
the Company’s internal control over financial reporting that occurred during the year ended December 31, 2024, that has materially
affected, or is reasonably likely to materially affect, our internal control over financial reporting. 

Management’s Assessment Regarding Internal
Control Over Financial Reporting

At the end of the period
covered by this Annual Report on Form 10-K, an evaluation was carried out under the supervision of and with the participation of our management,
including the Principal Executive Officer and the Principal Financial Officer of the effectiveness of the design and operations of our
disclosure controls and procedures (as defined in Rule 13a – 15(e) and Rule 15d – 15(e) under the Exchange Act) as of the
end of the period covered by this report. Based on that evaluation, the Principal Executive Officer and the Principal Financial Officer
have concluded that our disclosure controls and procedures were not effective in ensuring that: (i) information required to be disclosed
by the Company in reports that it files or submits to the Securities and Exchange Commission under the Exchange Act is recorded, processed,
summarized, and reported within the time periods specified in applicable rules and forms and (ii) material information required to be
disclosed in our reports filed under the Exchange Act is accumulated and communicated to our management, including our CEO and CFO, as
appropriate, to allow for accurate and timely decisions regarding required disclosure.

Disclosure controls and
procedures were not effective due primarily to a material weakness in the segregation of duties in the Company’s internal control
of financial reporting as discussed below.

 19 

Internal Control
over Financial Reporting

Management is responsible
for establishing and maintaining adequate internal control over financial reporting for the Company (including its consolidated subsidiaries)
and all related information appearing in our Annual Report on Form 10-K. Our internal control over financial reporting is designed to
provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external
purposes in accordance with accounting principles generally accepted in the United States of America

Management conducted
an evaluation of the design and operation of our internal control over financial reporting as of the end of the period covered by this
report, based on the criteria in a framework developed by the Company’s management pursuant to and in compliance with the criteria
established. This evaluation included review of the documentation of controls,