Silicom (SILC) has released an update.
Silicom Ltd. has published its consolidated financial statements for the year ending December 31, 2023, which have been audited and deemed to present the company’s financial position and cash flows fairly in accordance with U.S. accounting standards. The company has maintained effective internal control over financial reporting, despite inherent limitations that may not prevent or detect all misstatements. A notable aspect of the audit was the focus on the capitalized costs of internally developed software, which required significant judgment and evaluation of management’s estimates.
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