Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 1140

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 6
Chunk 1140
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 losing its value against the US Dollar and we don’t
have any imports; therefore, we believe it is counter-productive to hedge this exposure.

ITEM
8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA 

The
Consolidated Financial Statements that constitute Item 8 are included at the end of this report on page F-1.

ITEM
9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

NETSOL’s
financial statements for the fiscal years ended June 30, 2025, and June 30, 2024, did not contain an adverse opinion or disclaimer of
opinion, and were not qualified or modified as to uncertainty, audit scope, or accounting principles.

In
connection with the audit of NETSOL’s financial statements for the fiscal year ended June 30, 2025, and 2024, there were no disagreements,
disputes, or differences of opinion with Fortune CPA. (“Fortune”) on any matters of accounting principles or practices, financial
statement disclosure, or auditing scope and procedures, which, if not resolved to the satisfaction of Fortune would have caused Fortune
to make reference to the matter in their report.

ITEM
9A. CONTROLS AND PROCEDURES

Evaluation
of Disclosure Controls and Procedures 

Our
management, with the participation of our Chief Executive Officer and Chief Financial Officer, evaluated the effectiveness of our disclosure
controls and procedures pursuant to Rule 13a-15 under the Exchange Act, as of the end of the period covered by this Annual Report on
Form 10-K. Based upon that evaluation, the Chief Financial Officer and Chief Executive Officer concluded that our disclosure controls
and procedures were effective.

Management’s
Report on Internal Control over Financial Reporting

Our
management has the responsibility to establish and maintain adequate internal controls over our financial reporting, as defined in Rule
13a-15(f) under the Securities and Exchange Act of 1934. Our internal controls are designed to provide reasonable assurance regarding
the reliability of our financial reporting and the preparation of our external financial statements in accordance with generally accepted
accounting principles (GAAP).

27

Due
to inherent limitations of any internal control system, management acknowledges that there are limitations as to the effectiveness of
internal controls over financial reporting and therefore recognize that only reasonable assurance can be gained from any internal control
system. Accordingly, our internal control system may not detect or prevent material misstatements in our financial statements