Company: INTG
Filing Date: 2025-09-30
Form Type: 10-K
Source: 0001493152-25-016154
Chunk: 313

Company: INTERGROUP CORP
Filing Date: 2025-09-30
Form: 10-K
Item: Item 9
Chunk 313
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 the period presented.

MANAGEMENT’S
REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING

As
required by SEC rules and regulations implementing Section 404 of the Sarbanes-Oxley Act, the Company’s management is responsible
for establishing and maintaining adequate internal control over financial reporting. Our internal control over financial reporting is
designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of our consolidated financial
statements for external reporting purposes in accordance with U.S. GAAP. 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
the assets of the Company,

2.
provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance
with U.S. GAAP, and that the Company’s receipts and expenditures are being made only in accordance with authorizations of its management
and directors, and

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

Because
of its inherent limitations, internal control over financial reporting may not prevent or detect errors or misstatements in the Company’s
consolidated financial statements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that
controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may
deteriorate. Management assessed the effectiveness of the Company’s internal control over financial reporting as of June 30, 2025.
In making these assessments, management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission
(COSO) in Internal Control—Integrated Framework (2013). Based on our assessments and those criteria, management determined that
our internal controls over financial reporting were not effective as of June 30, 2025 due to material weakness described above.

66

As
a smaller reporting company, we are not required to include, and this Annual Report does not contain, an attestation report of our independent
registered public accounting firm regarding internal control over financial reporting pursuant to Section 404(b) of the Sarbanes-Oxley
Act.

This
report shall not be deemed to be filed for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that
section, and is not incorporated by reference into