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DSwiss Inc (DQWS): material weakness open at least 2,128 days

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

DSwiss Inc reported ineffective internal control over financial reporting because of a material weakness in 7 filings since Mar 31, 2021. It stated one or more material weaknesses in 17 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 14, 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 #11202

Filings with a weakness24
First in our dataMar 31, 2021
AuditorJP CENTURION & PARTNERS PLT

Causes the company named

Segregation of duties · 24Accounting expertise and resources · 19Entity-level and governance · 17Financial close and reporting · 12

What the latest filing says

Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that, as of June 30, 2026, our disclosure controls and procedures were not effective due to the presence of material weaknesses in internal control over financial reporting. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company’s annual or interim financial statements will not be prevented or detected on a timely basis. Management has identified the following material weaknesses which have caused management to conclude that, as of June 30, 2026, our disclosure controls and procedures were not effective: (i) inadequate segregation of duties and effective risk assessment; and (ii) insufficient written policies and procedures for accounting and financial reporting with respect to the requirements and application of both US GAAP and SEC guidelines. Changes in Internal Control over Financial Reporting: There were no changes in our internal contro [...]

From the controls section of the 10-Q filed Aug 14, 2026. Read the full filing on SEC EDGAR.

Company response: DSwiss Inc 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 14, 202610-QJun 30, 2026Material weakness stated, no ICFR conclusionSegregation of duties; Entity-level and governanceEDGAR
May 15, 202610-QMar 31, 2026Material weakness stated, no ICFR conclusionSegregation of duties; Financial close and reportingEDGAR
Mar 31, 202610-KDec 31, 2025Not effectiveSegregation of duties; Financial close and reporting; Accounting expertise and resources; Entity-level and governanceEDGAR
Nov 14, 202510-QSep 30, 2025Material weakness stated, no ICFR conclusionSegregation of duties; Accounting expertise and resourcesEDGAR
Aug 14, 202510-QJun 30, 2025Material weakness stated, no ICFR conclusionSegregation of duties; Financial close and reportingEDGAR
May 15, 202510-QMar 31, 2025Material weakness stated, no ICFR conclusionSegregation of duties; Accounting expertise and resources; Entity-level and governanceEDGAR
Mar 31, 202510-KDec 31, 2024Not effectiveSegregation of duties; Financial close and reporting; Accounting expertise and resources; Entity-level and governanceEDGAR
Nov 14, 202410-QSep 30, 2024Material weakness stated, no ICFR conclusionSegregation of duties; Accounting expertise and resources; Entity-level and governanceEDGAR
Aug 14, 202410-QJun 30, 2024Material weakness stated, no ICFR conclusionSegregation of duties; Accounting expertise and resources; Entity-level and governanceEDGAR
May 15, 202410-QMar 31, 2024Material weakness stated, no ICFR conclusionSegregation of duties; Accounting expertise and resources; Entity-level and governanceEDGAR
Mar 29, 202410-KDec 31, 2023Not effectiveSegregation of duties; Financial close and reporting; Accounting expertise and resources; Entity-level and governanceEDGAR
Nov 14, 202310-QSep 30, 2023Material weakness stated, no ICFR conclusionSegregation of duties; Accounting expertise and resources; Entity-level and governanceEDGAR
Aug 14, 202310-QJun 30, 2023Material weakness stated, no ICFR conclusionSegregation of duties; Accounting expertise and resources; Entity-level and governanceEDGAR
May 15, 202310-QMar 31, 2023Material weakness stated, no ICFR conclusionSegregation of duties; Accounting expertise and resources; Entity-level and governanceEDGAR
Mar 31, 202310-KDec 31, 2022Not effectiveSegregation of duties; Financial close and reporting; Accounting expertise and resources; Entity-level and governanceEDGAR
Nov 14, 202210-QSep 30, 2022Material weakness stated, no ICFR conclusionSegregation of duties; Accounting expertise and resourcesEDGAR
Aug 12, 202210-QJun 30, 2022Material weakness stated, no ICFR conclusionSegregation of duties; Accounting expertise and resourcesEDGAR
May 13, 202210-QMar 31, 2022Material weakness stated, no ICFR conclusionSegregation of duties; Financial close and reporting; Accounting expertise and resourcesEDGAR
Mar 31, 202210-KDec 31, 2021Not effectiveSegregation of duties; Financial close and reporting; Accounting expertise and resources; Entity-level and governanceEDGAR
Nov 15, 202110-QSep 30, 2021Material weakness stated, no ICFR conclusionSegregation of duties; Accounting expertise and resources; Entity-level and governanceEDGAR
Aug 16, 202110-QJun 30, 2021Material weakness stated, no ICFR conclusionSegregation of duties; Financial close and reportingEDGAR
May 14, 202110-QMar 31, 2021Material weakness stated, no ICFR conclusionSegregation of duties; Financial close and reporting; Entity-level and governanceEDGAR
Aug 24, 202110-K/ADec 31, 2020Not effectiveSegregation of duties; Financial close and reporting; Accounting expertise and resources; Entity-level and governanceEDGAR
Mar 31, 202110-KDec 31, 2020Not effectiveSegregation of duties; Financial close and reporting; Accounting expertise and resources; Entity-level and governanceEDGAR

Others on the Clock in the same industry

By SEC industry code: 2844, Perfumes, Cosmetics & Other Toilet Preparations, then related codes.

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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 DSwiss Inc or the SEC. Not investment advice. Why you can rely on the Watch List.