Internal control remediation plan
Company: CleanSpark
What the later record shows
Outcome not yet confirmed
No passage says whether the extra personnel were appointed or the written policies adopted in fiscal 2018. Later filings report material weaknesses as of September 30, 2021 and December 31, 2023, but do not link them to the 2018 plan.
“management identified the following material weaknesses: (1) the Company did not adequately implement or properly maintain controls over its financial close and reporting process”
2021-12-13 · CleanSpark 10-K filed 2021-12-14 View cached copy (2026-09-13)Live source ↗
“Based on this material weakness, management concluded that at December 31, 2023, internal control over financial reporting was not effective.”
2024-02-07 · CleanSpark 10-Q filed 2024-02-08 View cached copy (2026-08-31)Live source ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Company plans to appoint additional qualified personnel and adopt written policies and procedures for accounting and financial reporting by end of fiscal year 2018 to remediate identified material weaknesses in internal controls
Source (primary)
CleanSpark 10-Q filed 2018-08-20 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “To remediate such weaknesses, we plan to implement the following changes during our fiscal year ending September 30, 2018: (i) appoint additional qualified personnel to address inadequate segregation of duties and ineffective risk management; and (ii) adopt sufficient written policies and procedures for accounting and financial reporting”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
Item 4 of the 10-Q states the company plans to implement both changes during its fiscal year ending September 30, 2018 to remediate the identified material weaknesses.
Confirmed in the source:
- CleanSpark identified material weaknesses in internal control over financial reporting
- To remediate them, the company planned to appoint additional qualified personnel
- To remediate them, the company planned to adopt sufficient written policies and procedures for accounting and financial reporting
- These changes were planned for the fiscal year ending September 30, 2018
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/827876/000166357718000382/mainbody.htm) in full (111,603 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms CleanSpark 10-Q filed 2018-08-20
Quote: “To remediate such weaknesses, we plan to implement the following changes during our fiscal year ending September 30, 2018: (i) appoint additional qualified personnel to address inadequate segregation of duties and ineffective risk management; and (ii) adopt sufficient written policies and procedures for accounting and financial reporting”