Immune Pharmaceuticals Inc (fka IMNPQ)

[Letterpenny]

Here are a few common reasons late filings occur:

1. Audit Delays: The audit process can be time-consuming, and unforeseen issues or discrepancies can extend the timeline, leading to late filings.

2. Internal Control Issues: Problems with internal controls over financial reporting can necessitate additional time to ensure accuracy and compliance.

3. Regulatory Compliance: Ensuring compliance with the continuously evolving regulatory requirements can be complex and time-consuming.

4. Operational Challenges: Significant events such as mergers, acquisitions, or restructuring can complicate financial reporting processes.

5. Management Turnover: Changes in key financial or executive positions can lead to delays in the preparation and review of financial statements.