VEON Ltd. announced on October 17, 2024, that it has filed its Annual Report on Form 20-F for the year ended December 31, 2023, with the U.S. Securities and Exchange Commission. This filing follows the completion of the audit of its 2023 financial statements by UHY LLP according to PCAOB standards.
The company also confirmed that it has remediated a previously identified material weakness in its internal controls over financial reporting. This weakness related to the accounting treatment and financial statement presentation for disposals of businesses, an error that was promptly corrected in the 2022 Form 20-F.
Group CEO Kaan Terzioglu stated that the filing puts VEON back on track with its listing compliance requirements. The successful remediation of the material weakness, confirmed by the 2023 PCAOB audit, demonstrates significant improvements to the company's control environment.
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