March 13 (Reuters) - Oilfield services firm ProPetro (PUMP.N) , opens new tab said on Wednesday it has identified material weakness in its internal control over financial reporting.

After the weakness in access to its accounting systems was identified, the company said it had found that there was no material misstatement , opens new tab in its consolidated financial statements for the year ended Dec. 31, 2023.

Midland, Texas-based ProPetro was subject to a U.S. Securities and Exchange Commission investigation in 2019 when the company's board uncovered material weaknesses in its financial controls and an undisclosed related-party transaction with its former chief accountant.

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https://www.reuters.com/business/energy/propetro-flags-material-weakness-internal-control-over-financial-reporting-2024-03-13/