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This excerpt taken from the SYX 10-Q filed Dec 26, 2006. Material Weaknesses Reported for the Year Ended December 31, 2005 As reported in our Annual Report on Form 10-K for the year ended December 31, 2005, management was unable to conclude that the Company's internal controls over financial reporting were then effective, as a result of the three material weaknesses described above. Ernst & Young LLP, our independent registered public accounting firm, issued a material weakness letter to the Company which addressed these material weaknesses. These matters have been discussed among management, the audit committee and our independent registered public accountants. During 2006, we have taken the following actions to date to address the material weaknesses:
While progress is being made to remediate the material weaknesses identified, we are continuing to monitor these processes to further improve our procedures. This excerpt taken from the SYX 10-Q filed Dec 6, 2006. Material Weaknesses Reported for the Year Ended December 31, 2005As reported in our Annual Report on Form 10-K for the year ended December 31, 2005, management was unable to conclude that the Company's internal controls over financial reporting were then effective, as a result of the three material weaknesses described above. Ernst & Young LLP, our independent registered public accounting firm, issued a material weakness letter to the Company which addressed these material weaknesses. These matters have been discussed among management, the audit committee and our independent registered public accountants. During 2006, we have taken the following actions to date to address the material weaknesses:
While progress is being made to remediate the material weaknesses identified, we are continuing to monitor these processes to further improve our procedures. This excerpt taken from the SYX 10-Q filed Sep 6, 2006. Material Weaknesses Reported for the Year Ended December 31, 2005 As reported in our Annual Report on Form 10-K for the year ended December 31, 2005, management was unable to conclude that the Companys internal controls over financial reporting were then effective, as a result of the three material weaknesses described above. Ernst & Young LLP, our independent registered public accounting firm, issued a material weakness letter to the Company which addressed these material weaknesses. These matters have been discussed among management, the audit committee and our independent registered public accountants. During 2006, we have taken the following actions to date to address the material weaknesses:
While progress is being made to remediate the material weaknesses identified, we are continuing to monitor these processes to further improve our procedures. | EXCERPTS ON THIS PAGE:
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