Company: IVHI
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001683168-25-003408
Chunk: 47

Company: Invech Holdings, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 3
Chunk 47
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 of
changes in conditions, or through the deterioration of the degree of compliance with policies or procedures.

Changes in Internal
Control over Financial Reporting

There was no change in the
Company’s internal control over financial reporting that occurred during the quarter ended March 31, 2025, that has materially affected,
or is reasonably likely to materially affect, our internal control over financial reporting. 

Management's Assessment Regarding Internal Control
Over Financial Reporting

At the end of the period
covered by this Quarterly Report on Form 10-Q, an evaluation was carried out under the supervision of and with the participation of our
management, including the Principal Executive Officer and the Principal Financial Officer of the effectiveness of the design and operations
of our disclosure controls and procedures (as defined in Rule 13a – 15(e) and Rule 15d – 15(e) under the Exchange Act) as
of the end of the period covered by this report. Based on that evaluation, the Principal Executive Officer and the Principal Financial
Officer have concluded that our disclosure controls and procedures were not effective in ensuring that: (i) information required to be
disclosed by the Company in reports that it files or submits to the Securities and Exchange Commission under the Exchange Act is recorded,
processed, summarized, and reported within the time periods specified in applicable rules and forms and (ii) material information required
to be disclosed in our reports filed under the Exchange Act is accumulated and communicated to our management, including our CEO and CFO,
as appropriate, to allow for accurate and timely decisions regarding required disclosure.

Disclosure controls and procedures
were not effective due primarily to a material weakness in the segregation of duties in the Company’s internal control of financial
reporting as discussed below.

Internal Control over
Financial Reporting

Management is responsible
for establishing and maintaining adequate internal control over financial reporting for the Company (including its consolidated subsidiaries)
and all related information appearing in our Annual Report on Form 10-K. 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 accounting principles generally accepted in the United States of America

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Management conducted an evaluation
of the design and operation of our internal control over financial reporting as of the end of the period covered by this report, based
on the criteria in a framework developed by the Company’s management pursuant to and in compliance with the criteria established.
This evaluation included review of the documentation of controls, evaluation of the