Company: BRID
Filing Date: 2025-06-02
Form Type: 10-Q
Source: 0001641172-25-013252
Chunk: 124

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-06-02
Form: 10-Q
Item: Part I, Item 3
Chunk 124
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 and a program designed to provide reasonable assurance that our assets
are protected and that transactions are performed in accordance with proper authorization and are properly recorded. This system of internal
accounting controls is continually reviewed and modified in response to evolving business conditions and operations and recommendations
made by our independent registered public accounting firm. We have established a code of conduct. Our management believes that the accounting
and internal control systems provide reasonable assurance that assets are safeguarded, and financial information is reliable.

The
Audit Committee of the Board of Directors meets regularly with our financial management and counsel, and with the independent registered
public accounting firm engaged by us. Internal accounting controls and the quality of financial reporting are discussed during these
meetings. The Audit Committee has discussed with the independent registered public accounting firm matters required to be discussed by
Statement of Auditing Standards No. 16 (Communication with Audit Committees). In addition, the Audit Committee and the independent registered
public accounting firm have discussed the independent registered public accounting firm’s independence from our Company and its
management, including the matters in the written disclosures required by Public Company Accounting Oversight Board Rule 3526 “Communicating
with Audit Committees Concerning Independence”.

Changes
in Internal Control Over Financial Reporting

There
have been no changes in our internal controls over financial reporting other than those discussed above that occurred during the fiscal
quarter ended April 18, 2025, that have materially affected, or are reasonably likely to materially affect, our internal controls over
financial reporting.

 24 of 27 

Part
II. Other Information

Item
1. Legal Proceedings

From
time to time, we are involved in various legal proceedings, disputes, and other claims arising in the ordinary course of business. Although
the results of these ordinary course matters cannot be predicted with certainty, we currently believe that the final outcome of these
ordinary course matters will not, individually or in the aggregate, have a material adverse effect on our business, results of operations,
financial condition, or cash flows. However, regardless of the merit of the claims raised or the outcome, these ordinary course matters
can have an adverse impact on us as a result of legal costs, diversion of management’s time and resources, and other factors.

Item
1A. Risk Factors

The
risk factors listed in Part I “Item 1A. Risk Factors” in the Annual Report should be considered with the information provided
elsewhere in this Report, which could materially adversely affect our business, financial condition, or results of operations.