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SEC Filings

TERRAFORM GLOBAL, INC. filed this Form 10-K on 06/15/2017
Entire Document

The Company established corporate level controls over regional accounting to mitigate existing risks relating to completeness, existence and accuracy of information reported by all of our international operations. In Brazil, the Company will work with our financial accounting service provider to improve the execution and documentation of controls; and

The Company is working to implement an ERP system that automates and standardizes the procure to pay process, leveraging an accounts payable sub-ledger. Furthermore, employees have undergone procure to pay training emphasizing required process and execution of key controls.

These remediation efforts are in each case independent of SunEdison or will require a minimal level of SunEdison involvement. We expect the implementation of our remediation plan and our continuing efforts to separate from SunEdison to result in significant improvements to our internal control over financial reporting. The level and extent of our remediation efforts will take into consideration anticipated organizational changes resulting from the Brookfield Transaction.
Item 9B. Other Information.