Risk Factors Update Summary
- Added risk of future disruptive technologies like large language models, AI, and machine learning.
- Failure to develop AI and machine learning technologies may impact efficiency and customer costs.
- Increased risk of cybersecurity incidents due to remote work and reliance on less secure systems.
- Material weakness in internal control over financial reporting identified, impacting business operations.
- Aging software infrastructure and technology may lead to increased costs and cyber vulnerabilities.
- Constraints on leveraging AI in HCM technology due to privacy, social, and ethics regulatory requirements.
- Subject to 20-year security program requirements, which are complex and ongoing.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1725057&owner=exclude
This content requires a 'Free' membership to view. Please create one here.
This content requires a 'Free' membership to view. Please create one here.