Item 4. CONTROLS AND PROCEDURES
3K characters. Original on sec.gov ·
Item 4. CONTROLS AND PROCEDURES
CONTROLS AND PROCEDURES
Evaluation of Disclosure Controls and Procedures
Under the supervision and with the participation of management, including
our principal executive officer and
principal financial officer, we evaluated the effectiveness of the design and operation of our disclosure controls and
procedures as of the end of the period covered by this quarterly report
as such term is defined in Rules 13a-15(e)
and 15d-15(e) promulgated under the Securities Exchange Act of 1934, as
amended (the “Exchange Act”).
Based
on this evaluation, our management, including our principal executive officer and principal
financial officer,
concluded that our disclosure controls and procedures were effective as of September 24,
2022, to ensure that all
material information required to be disclosed by us in reports that we file
or submit under the Exchange Act is
accumulated and communicated to them as appropriate to allow timely
decisions regarding required disclosure and
that all such information is recorded, processed, summarized and reported
within the time periods specified in the
SEC’s rules and forms.
Changes in Internal Control over Financial Reporting
The combination of acquisitions, continued acquisition integrations and systems
implementation activity
undertaken during the quarter and carried over from prior quarters when considered
in the aggregate, represents a
material change in our internal control over financial reporting.
During the quarter ended September 24, 2022, we completed the acquisition
of dental businesses in North America
and Europe.
Also, post-acquisition integration related activities continued
for our dental and medical businesses
acquired during prior quarters.
These acquisitions, the majority of which utilize separate
information and financial
accounting systems, have been included in our condensed consolidated
financial statements since their respective
dates of acquisition.
In addition, we completed systems implementation activities
in North America related to a
new ERP system for a dental business as well as the integration of a
dental business onto an existing ERP system.
All acquisitions, continued acquisition integrations and systems implementation
activity involve necessary and
appropriate change-management controls that are considered in our quarterly
assessment of the design and
operating effectiveness of our internal control over financial reporting.
Limitations of the Effectiveness of Internal Control
A control system, no matter how well conceived and operated, can provide
only reasonable, not absolute, assurance
that the objectives of the internal control system are met.
Because of the inherent limitations of any internal control
system, no evaluation of controls can provide absolute assurance that
all control issues, if any, within a company
have been detected.
PART
II.
OTHER INFORMATION
ITEM 1.
LEGAL PROCEEDINGS
For a discussion of Legal Proceedings, see
of the Notes to the Condensed Consolidated
Financial Statements included under Item 1.
Previous: Item 3. QUANTITATIVE · Next: Item 1A. RISK FACTORS