Thread regarding Avaya layoffs

Avaya Ethics FINALLY Exposed!

Y'all recall the push for Ethics and Reporting Training and Emails in October 2021? Well, it was a failed attempt to cover up missteps in Avaya's Code of Conduct, Ethics and Compliance


Direct from SEC filing 11/29/22
"Despite
steps the Board took to ensure the concerns asserted in the email were fully examined, the Company did not appropriately log the email in accordance with the Company’s whistleblower policy, nor did the Company convey to certain members of management or the Company’s independent registered public accounting firm the existence of the email or the fact that the Board had determined to undertake an independent investigation into the matter As a result of the failure to appropriately communicate and log the email and related independent investigation, the Company determined to re- assess the effectiveness of its ICFR as of SEPT 30, 2021, as reported in the Company’s 2021 Form 10-K."
[ ICFR is one element of the broader concept of internal control defined by COSO, which provides a commonly used framework to assist companies in structuring and evaluating controls comprised of five integrated components: control environment. risk assessment. control activities. information and communication]

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More specifically, the Company did not design and maintain effective controls to ensure appropriate communication between certain functions within the Company. This material weakness contributed to an additional material weakness, that the Company did not design and maintain effective controls over the ethics and compliance program. As a result of these material weaknesses, the Company also concluded that disclosure controls and procedures were not effective as of September 30, 2021, which continues to be the case. As more fully disclosed in the Form 12b-25, the Audit Committee has undertaken investigations into other matters, some of which may result in the conclusion that other material weaknesses exist in the Company?s ICFR. These investigations are not yet complete and may identify additional material weaknesses or other matters.

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