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Daily Journal Corp (DJCO): material weakness open at least 2,128 days

By , Ctrl Worx™. Built from its own SEC filings. How the Clock works.

Daily Journal Corp reported ineffective internal control over financial reporting because of a material weakness in 4 filings since Dec 17, 2021. It stated one or more material weaknesses in 18 more SEC filings that gave no conclusion on whether that control is effective. The latest was its 10-Q for the period ended Jun 30, 2026.

Ctrl Worx Watch List™ status

On the Clock
5.8 yearsopen since at least Dec 31, 2020
10-Q, Aug 12, 2026latest filing that reports the weakness. Read it on SEC EDGAR
#60 of 1,250on the Clock by time open, tied with 236 other companies that share its start date. See the Clock

Still filing, and no annual report of its own says the weakness is fixed.

Checked against SEC EDGAR: Oct 29, 2026 · Entry #10107

Filings with a weakness22
First in our dataFeb 12, 2021
AuditorBaker Tilly US, LLP

Causes the company named

Not described · 13Segregation of duties · 7Revenue recognition · 5Accounting expertise and resources · 5Entity-level and governance · 3Financial close and reporting · 1ITGC: general · 1

Segregation of duties and revenue recognition weaknesses identified in prior year remain unremediated.

What the latest filing says

the effectiveness of the Company’s disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act as of June 30, 2026. As previously disclosed in the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2025, management identified material weaknesses in internal control over financial reporting related to (i) segregation of duties and (ii) revenue recognition. Based on this evaluation, and in light of these material weaknesses, management concluded that the Company’s disclosure controls and procedures were not effective as of June 30, 2026. Changes in Internal Control Over Financial Reporting During the quarter ended June 30, 2026, the Company continued to execute its remediation plan. The design and implementation of the Company’s key remediation actions are substantially complete. Specifically, during the quarter, the Company: ● Completed the documentation of its information technology general controls framework. ● Implemented additional reconciliation and review controls over revenue. ● Began implement [...]

From the controls section of the 10-Q filed Aug 12, 2026. Read the full filing on SEC EDGAR.

Company response: Daily Journal Corp can send a statement or a link to its remediation update to russell@ctrlworx.com. We post it here, unedited and dated.

Filings

FiledFormPeriodControlsCausesFiling
Aug 12, 202610-QJun 30, 2026Material weakness stated, no ICFR conclusionSegregation of duties; Revenue recognitionEDGAR
May 14, 202610-QMar 31, 2026Material weakness stated, no ICFR conclusionSegregation of duties; Revenue recognitionEDGAR
Dec 29, 202510-KSep 30, 2025Material weakness stated, no ICFR conclusionSegregation of duties; Accounting expertise and resources; Revenue recognitionEDGAR
Aug 14, 202510-QJun 30, 2025Material weakness stated, no ICFR conclusionFinancial close and reporting; Accounting expertise and resources; ITGC: general; Revenue recognitionEDGAR
May 20, 202510-QMar 31, 2025Material weakness stated, no ICFR conclusionAccounting expertise and resources; Entity-level and governance; Revenue recognitionEDGAR
Feb 19, 202510-QDec 31, 2024Material weakness stated, no ICFR conclusionNot describedEDGAR
Dec 31, 202410-KSep 30, 2024Not effectiveSegregation of duties; Accounting expertise and resourcesEDGAR
Aug 14, 202410-QJun 30, 2024Material weakness stated, no ICFR conclusionNot describedEDGAR
May 15, 202410-QMar 31, 2024Material weakness stated, no ICFR conclusionNot describedEDGAR
Feb 15, 202410-QDec 31, 2023Material weakness stated, no ICFR conclusionNot describedEDGAR
Dec 28, 202310-KSep 30, 2023Not effectiveSegregation of duties; Accounting expertise and resourcesEDGAR
Aug 14, 202310-QJun 30, 2023Material weakness stated, no ICFR conclusionNot describedEDGAR
May 15, 202310-QMar 31, 2023Material weakness stated, no ICFR conclusionNot describedEDGAR
Feb 13, 202310-QDec 31, 2022Material weakness stated, no ICFR conclusionNot describedEDGAR
Dec 19, 202210-KSep 30, 2022Not effectiveSegregation of duties; Entity-level and governanceEDGAR
Aug 12, 202210-QJun 30, 2022Material weakness stated, no ICFR conclusionNot describedEDGAR
May 12, 202210-QMar 31, 2022Material weakness stated, no ICFR conclusionNot describedEDGAR
Feb 11, 202210-QDec 31, 2021Material weakness stated, no ICFR conclusionNot describedEDGAR
Dec 17, 202110-KSep 30, 2021Not effectiveSegregation of duties; Entity-level and governanceEDGAR
Aug 12, 202110-QJun 30, 2021Material weakness stated, no ICFR conclusionNot describedEDGAR
May 12, 202110-QMar 31, 2021Material weakness stated, no ICFR conclusionNot describedEDGAR
Feb 12, 202110-QDec 31, 2020Material weakness stated, no ICFR conclusionNot describedEDGAR

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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 Daily Journal Corp or the SEC. Not investment advice. Why you can rely on the Watch List.