Company: REX
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0000930413-25-001069
Chunk: 3

Company: REX AMERICAN RESOURCES Corp
Filing Date: 2025-03-28
Form: 10-K
Item: Item 9
Chunk 3
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 the years ended January 31, 2015 through January
31, 2022.

Due to the specialized tax
knowledge involved, we identified valuation of the unrecognized tax benefit as a critical audit matter. Performance of our audit
procedures to evaluate management’s judgments required a high degree of auditor judgment and the involvement of our tax specialists.

With the assistance of income
tax specialists, our audit procedures related to the valuation of unrecognized tax benefits included the following, among others:

  We obtained an understanding of the relevant controls related to income                                                                     

  We evaluated management’s estimate of the uncertain tax position                                                                

  We tested the mathematical accuracy of the Company’s uncertain  

  We evaluated the sufficiency of the Company’s disclosures related       

/s/RSM US LLP

We have served as the Company’s auditor since 2023.

Des Moines, Iowa