Search every filing
2,477,667 paragraphs from 10-Ks, 10-Qs and 8-Ks with press releases.
Matching paragraphs
progress remediating the material weakness. However, additional time is required to complete the material weakness
Read in the filing ↗
adequately remediate the material weakness or that additional material weaknesses in our internal controls will not be identified
Read in the filing ↗
We believe that these actions will remediate the material weakness. The material weakness will not be considered remediated,
Read in the filing ↗
material weakness remained as of December 31, 2024. We concluded this material weakness did not result in any material
Read in the filing ↗
occurrence of, or failure to remediate, this material weakness and any future material weaknesses in our internal control over
Read in the filing ↗
December 31, 2024, we identified the following material weakness in internal controls:
Read in the filing ↗
(1) A material weakness in internal control related to ineffective information technology general controls (ITGCs) in
Read in the filing ↗ Also in 10-Q of Aug 7, 2025, 10-Q of Nov 10, 2025
contributing to the material weakness are remediated, such that these controls are designed, implemented and operating
Read in the filing ↗
• our ability to remediate material weaknesses and the ongoing effectiveness of internal control over financial reporting; and
Read in the filing ↗ Also in 10-Q of Aug 7, 2025, 10-Q of Nov 10, 2025, 10-K of Feb 27, 2026, 10-Q of May 8, 2026, 10-Q of Aug 10, 2026, 10-Q of Nov 5, 2026
Treadway Commission (COSO) in Internal Control - Integrated Framework (2013). A material weakness is a deficiency, or a
Read in the filing ↗
responsible for the execution and documentation of ITGCs. The material weakness did not result in any identified
Read in the filing ↗
With respect to the material weakness above, management, under the oversight of the Audit Committee, implemented measures
Read in the filing ↗
Treadway Commission (2013 framework) (the COSO criteria). In our opinion, because of the effect of the material weakness
Read in the filing ↗
A material weakness in internal controls related to ineffective information technology general controls (ITGCs) in the area of
Read in the filing ↗
December 31, 2024, we identified a material weakness in our internal control over financial reporting related to information
Read in the filing ↗
designed to ensure that control deficiencies contributing to the material weakness was remediated, and that these controls are
Read in the filing ↗
impacted by these remediation efforts and determined the material weakness had been fully remediated as of December 31,
Read in the filing ↗
must be attested to by our independent registered public accounting firm. A material weakness is a deficiency, or combination
Read in the filing ↗
December 31, 2023, we had identified a material weakness in our internal control over financial reporting related to ineffective
Read in the filing ↗
Based on this material weakness, the Company’s management concluded that at December 31, 2024, the Company’s internal
Read in the filing ↗
A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there
Read in the filing ↗
prevented or detected on a timely basis. The following material weakness has been identified and included in management’s
Read in the filing ↗
We have identified a material weakness in our internal control over financial reporting and, if we fail to remediate this
Read in the filing ↗
material weakness, we may not be able to accurately or timely report our financial condition or results of operations, which
Read in the filing ↗
31, 2024, and the related notes. This material weakness was considered in determining the nature, timing and extent of audit
Read in the filing ↗
Except for the actions taken to remediate the material weakness described above, there have been no other changes in our
Read in the filing ↗
automation of certain aspects of our ITGCs. We believe our efforts will be effective to remediate the material weakness, but this
Read in the filing ↗
As a result of the identification of the material weakness, and prior to filing this Annual Report, we performed further analysis
Read in the filing ↗
Item 8 of this Annual Report, and we have developed a remediation plan for the material weakness, which is described below.
Read in the filing ↗
We believe that these actions will remediate the material weakness. The material weaknesses will not be considered remediated, however, until the applicable controls operate for a sufficient period of time and our management has concluded, through testing, that these controls are operating effectively.
Read in the filing ↗ Also in 10-Q of Nov 10, 2025
As discussed in our Annual Report on Form 10-K for the year ended December 31, 2024, we identified the following material weakness in internal controls:
Read in the filing ↗ Also in 10-Q of Nov 10, 2025
As a result of the material weakness identified, the Company is updating its internal control over financial reporting as discussed in its remediation plan updated below.
Read in the filing ↗ Also in 10-Q of Nov 10, 2025
(1) Our management continues to implement measures to ensure that control deficiencies contributing to the material weakness are remediated, such that these controls are designed, implemented and operating effectively. The remediation actions include: (i) enhancing the information technology compliance oversight function; (ii) developing a training program addressing ITGCs and policies, including educating control owners concerning the principles and requirements of internal controls, with a focus on those related to user access over information technology systems impacting financial reporting; (iii) developing and maintaining documentation underlying ITGCs to enhance the information evidencing the performance of ITGCs; (iv) developing enhanced integration functionality and controls related to the ongoing implementation of user access information technology system; (v) enhancing the information technology management review and testing plan to monitor ITGCs with a specific focus on systems supporting our financial reporting processes; and (vi) enhancing quarterly reporting on the remediation measures to the Audit Committee of the Board.
Read in the filing ↗ Also in 10-Q of Nov 10, 2025
As of June 30, 2025, management carried out, under the supervision and with the participation of our Chief Executive Officer and Chief Financial Officer, an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934). Based on this evaluation, and as a result of the material weakness described below, our Chief Executive Officer and Chief Financial Officer concluded that, as of June 30, 2025, our disclosure controls and procedures were not effective in ensuring that information required to be disclosed by us in the reports that we file or submit under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified in applicable rules and forms and are not designed to ensure that information required to be disclosed in those reports is accumulated and communicated to management, including our Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.
Read in the filing ↗
As of September 30, 2025, management carried out, under the supervision and with the participation of our Chief Executive Officer and Chief Financial Officer, an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934). Based on this evaluation, and as a result of the material weakness described below, our Chief Executive Officer and Chief Financial Officer concluded that, as of September 30, 2025, our disclosure controls and procedures were not effective in ensuring that information required to be disclosed by us in the reports that we file or submit under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified in applicable rules and forms and are not designed to ensure that information required to be disclosed in those reports is accumulated and communicated to management, including our Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.
Read in the filing ↗
risks of mergers, acquisitions and divestitures, including, without limitation, the related time and costs of implementing such transactions, integrating operations as part of these transactions and possible failures to achieve expected gains, revenue growth and/or expense savings from such transactions; our ability to remediate material weaknesses and the ongoing effectiveness of internal control over financial reporting, as well as the other risks and uncertainties identified under the caption "Risk Factors" in the 2024 Form 10-K filed with the Securities and Exchange Commission (“SEC”) on February 27, 2025 and subsequent filings with the SEC made by us. These factors could cause our actual results and experience to differ materially from any forward-looking statement made herein. The forward-looking statements included in this press release are made only as of the date hereof and we do not undertake, and specifically disclaim, any obligation to update any such statements as a result of new information, future events or developments, except as specifically stated or to the extent required by law. You may access Corpay’s SEC filings for free by visiting the SEC web site at www.sec.gov.
Read in the filing ↗
… such transactions, integrating operations as part of these transactions and possible failures to achieve expected gains, revenue growth and/or expense savings from such transactions; our ability to remediate material weaknesses and the ongoing effectiveness of internal control over financial reporting, as well as the other risks and uncertainties identified under the caption "Risk Factors" in the 2024 Form 10 …
Read in the filing ↗
… such transactions, integrating operations as part of these transactions and possible failures to achieve expected gains, revenue growth and/or expense savings from such transactions; our ability to remediate material weaknesses and the ongoing effectiveness of internal control over financial reporting; our restatement of prior quarterly financial statements may affect investor confidence and raise reputational issues and may subject us …
Read in the filing ↗
… such transactions, integrating operations as part of these transactions and possible failures to achieve expected gains, revenue growth and/or expense savings from such transactions; our ability to remediate material weaknesses and the ongoing effectiveness of internal control over financial reporting, as well as the other risks and uncertainties identified under the caption "Risk Factors" in the 2024 Form 10 …
Read in the filing ↗
… such transactions, integrating operations as part of these transactions and possible failures to achieve expected gains, revenue growth and/or expense savings from such transactions; our ability to remediate material weaknesses and the ongoing effectiveness of internal control over financial reporting; our restatement of prior quarterly financial statements discussed in our Annual Report of Form 10-K for the year …
Read in the filing ↗
… such transactions, integrating operations as part of these transactions and possible failures to achieve expected gains, revenue growth and/or expense savings from such transactions; our ability to remediate material weaknesses and the ongoing effectiveness of internal control over financial reporting; our restatement of prior quarterly financial statements discussed in our Annual Report of Form 10-K for the year …
Read in the filing ↗
… such transactions, integrating operations as part of these transactions and possible failures to achieve expected gains, revenue growth and/or expense savings from such transactions; our ability to remediate material weaknesses and the ongoing effectiveness of internal control over financial reporting, as well as the other risks and uncertainties identified under the caption "Risk Factors" in the 2024 Form 10 …
Read in the filing ↗
… such transactions, integrating operations as part of these transactions and possible failures to achieve expected gains, revenue growth and/or expense savings from such transactions; our ability to remediate material weaknesses and the ongoing effectiveness of internal control over financial reporting; our restatement of prior quarterly financial statements discussed in our Annual Report of Form 10-K for the year …
Read in the filing ↗
… such transactions, integrating operations as part of these transactions and possible failures to achieve expected gains, revenue growth and/or expense savings from such transactions; our ability to remediate material weaknesses and the ongoing effectiveness of internal control over financial reporting, as well as the other risks and uncertainties identified under the caption "Risk Factors" in the 2023 Form 10 …
Read in the filing ↗