Company: RIVF
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001493152-25-018109
Chunk: 490

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 8
Chunk 490
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 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, in reasonable detail, accurately and fairly reflect the transactions and dispositions of our
    assets;

    (2)
    provide
    reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with
    U.S. GAAP, and that our receipts and expenditures are being made only in accordance with the authorization of its management and
    directors; and

    (3)
    provide
    reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that
    could have a material effect on the financial statements. 

Our
management assessed the effectiveness of its internal control over financial reporting as of June 30, 2025. 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.

The
Company