Company: RIVF
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001493152-25-018109
Chunk: 185

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 2
Chunk 185
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 Exchange Act, such as this
Form 10-K, is recorded, processed, summarized and reported, within the time period specified in the SEC’s rules and forms, and
that such information is accumulated and is communicated to our management, including our principal executive and principal financial
officers, or persons performing similar functions, as appropriate, to allow timely decisions regarding required disclosure. In designing
and evaluating the disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed
and operated, can provide only reasonable assurance of achieving the desired control objectives. In addition, the design of disclosure
controls and procedures must reflect the fact that there are resource constraints and that management is required to apply its judgment
in evaluating the benefits of possible controls and procedures relative to their costs.

Based
on our review and evaluation, our chief executive officer concluded that our disclosure controls and procedures were not effective. The
evaluation of our disclosure controls and procedures and the conclusion as to their adequacy and effectiveness, included consideration
of the deficiency noted below.

We
have identified, as of June 30, 2025, a lack of segregation of duties in accounting and financial reporting activities, which we believe
is a material weakness. The size of our business necessarily imposes practical limitations on the effectiveness of those internal control
practices and procedures that rely on the segregation of duties.

Management
believes this lack of segregation of duties in accounting and financial reporting did not result in material inaccuracies or omissions
of material fact and, to the best of its knowledge, believes that the financial statements for the transition period ended June 30, 2025
and 2024 fairly present in all material respects the financial condition and results of operations for the Company in conformity with
US GAAP. There is, however, a reasonable possibility that a material misstatement of our annual or financial statements would not have
been prevented or detected as a result of this material weakness.

Management’s
Report on Internal Control over Financial Reporting

Our
management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rules 13a-15(f)and
15d-15(f) under the Exchange Act. 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. Our internal control over financial reporting includes those policies and procedures that:

    (1)
    pertain
    to the maintenance of records that