Company: BRID
Filing Date: 2025-01-29
Form Type: 10-K
Source: 0001493152-25-004182
Chunk: 465

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-01-29
Form: 10-K
Item: Item 6
Chunk 465
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systems provide reasonable assurance that assets are safeguarded, and financial information is reliable.

The Audit Committee of the
Board of Directors meets regularly with our financial management and counsel, and with the independent registered public accounting firm
engaged by us. Internal accounting controls and the quality of financial reporting are discussed during these meetings. The Audit Committee
has discussed with the independent registered public accounting firm matters required to be discussed by Statement of Auditing Standards
No. 16 (Communication with Audit Committees). In addition, the Audit Committee and the independent registered public accounting firm have
discussed the independent registered public accounting firm’s independence from our Company and its management, including the matters
in the written disclosures required by Public Company Accounting Oversight Board Rule 3526 “Communicating with Audit Committees
Concerning Independence”.

Section 404 of the Sarbanes-Oxley
Act of 2002

In order to comply with the
Sarbanes-Oxley Act of 2002, we have undertaken and continue a comprehensive effort, which includes the documentation and review of our
internal controls. In order to comply with the Sarbanes-Oxley Act, we centralized most accounting and many administrative functions in
an effort to control the cost of maintaining our control systems.

The Dodd-Frank Wall Street
Reform and Consumer Protection Act permanently exempts smaller reporting companies with less than $75 million in public float, such as
the Company, from the requirement to obtain an external audit on the effectiveness of internal financial reporting controls provided in
Section 404(b) of the Sarbanes-Oxley Act. As a result, an attestation report on internal controls over financial reporting by an independent
registered public accounting firm has not been presented. Section 404(a) is still effective for smaller reporting companies and requires
the disclosure of management attestations on internal controls over financial reporting as set forth below.

Management’s Annual
Report on Internal Control Over Financial Reporting

Our management is responsible
for establishing and maintaining adequate internal control over financial reporting. 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 generally accepted accounting principles.

 18 

Management conducted an evaluation
of the effectiveness of the internal controls over financial reporting based on the Committee of Sponsoring Organizations of the Treadway
Commission (COSO) Internal Control-Integrated Framework (2013) and related illustrative documents as an update to Internal Control-Integrated