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AMJ Global Technology (AMJT): material weakness history
AMJ Global Technology reported ineffective internal control over financial reporting because of a material weakness in 5 filings since Sep 15, 2021. The latest was its 10-K for the period ended Nov 30, 2024.
Ctrl Worx Watch List™ status
Stale filingNo 10-K or 10-Q filed in the last 18 months. Its last report still showed the weakness, so it stays on record.
Checked against SEC EDGAR: Oct 29, 2026 · Entry #11064
Causes the company named
Segregation of duties · 6Financial close and reporting · 6Accounting expertise and resources · 6Entity-level and governance · 6
Lack of independent board oversight, audit committee, accounting staff, and documented policies for financial reporting.
What the latest filing says
Based on that evaluation, our management has concluded that, as of November 30, 2024, the Company had material weaknesses in its internal control over financial reporting and the Company’s internal control over financial reporting was not effective. Specifically, management identified the following material weaknesses at November 30, 2024: 15 Table of Contents 1. Lack of oversight by independent directors in the establishment and monitoring of required internal controls and procedures; 2. Lack of functioning audit committee, resulting in ineffective oversight in the establishment and monitoring of required internal controls and procedures; 3. Insufficient personnel resources within the accounting function to segregate the duties over financial transaction processing and reporting and to allow for proper monitoring controls over accounting; 4. Insufficient written policies and procedures over accounting transaction processing and period end financial disclosure and reporting processes. To remediate our internal control weaknesses, management intends to implement the following meas [...]
From the controls section of the 10-K filed Mar 3, 2025. Read the full filing on SEC EDGAR.
Company response: AMJ Global Technology can send a statement or a link to its remediation update to russell@ctrlworx.com. We post it here, unedited and dated.
Filings
| Filed | Form | Period | Controls | Causes | Filing |
|---|---|---|---|---|---|
| Mar 3, 2025 | 10-K | Nov 30, 2024 | Not effective | Segregation of duties; Financial close and reporting; Accounting expertise and resources; Entity-level and governance | EDGAR |
| Mar 12, 2024 | 10-K | Nov 30, 2023 | Not effective | Segregation of duties; Financial close and reporting; Accounting expertise and resources; Entity-level and governance | EDGAR |
| Feb 3, 2023 | 10-K | Nov 30, 2022 | Not effective | Segregation of duties; Financial close and reporting; Accounting expertise and resources; Entity-level and governance | EDGAR |
| Mar 11, 2022 | 10-K | Nov 30, 2021 | Not effective | Segregation of duties; Financial close and reporting; Accounting expertise and resources; Entity-level and governance | EDGAR |
| Sep 15, 2021 | 10-K | Nov 30, 2020 | Not effective | Segregation of duties; Financial close and reporting; Accounting expertise and resources; Entity-level and governance | EDGAR |
| Jul 28, 2021 | 10-K | Nov 30, 2018 | Not effective | Segregation of duties; Financial close and reporting; Accounting expertise and resources; Entity-level and governance | EDGAR |
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Join the MW Pro waitlistLook up any company in Controls Radar™Based on public SEC filings. Causes are grouped into standard categories by Ctrl Worx™. The filings are the authority. Ctrl Worx is not affiliated with AMJ Global Technology or the SEC. Not investment advice. Why you can rely on the Watch List.