{"url_path":"/sec/aitx/10-k/2026/item-9a","section_key":"item-9a","section_title":"Item 9A CONTROLS AND PROCEDURES**","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-06-09","source_url":"https://www.sec.gov/Archives/edgar/data/1498148/0001493152-26-027796-index.html","accession_number":"0001493152-26-027796","cik":"0001498148","ticker":"AITX","issuer_name":"Artificial Intelligence Technology Solutions Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1498148/0001493152-26-027796-index.html","primary_entity_key":"0001498148","primary_entity_name":"Artificial Intelligence Technology Solutions Inc."},"word_count":1127,"has_tables":true,"body_markdown":"**ITEM\n9A. CONTROLS AND PROCEDURES**\n\n \n\n**Evaluation\nof Disclosure Controls and Procedures**\n\n \n\nAs\nof February 28, 2026, we carried out an evaluation, under the supervision and with the participation of our management, including our\nprincipal executive officer and principal financial officer, of the effectiveness of our disclosure controls and procedures (as defined\nin Exchange Act Rules 13a-15(e) and 15d-15(e)). Based upon that evaluation, our principal executive officer and principal financial officer\nconcluded that, as of February 28, 2026, our disclosure controls and procedures were not effective to ensure that information required\nto be disclosed in reports filed under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the\nrequired time periods and is accumulated and communicated to our management, including our principal executive officer and principal\nfinancial officer, as appropriate to allow timely decisions regarding required disclosure.\n\n \n\n**Limitations\non Systems of Controls**\n\n \n\nOur\nmanagement, including our principal executive officer and principal financial officer, does not expect that our disclosure controls and\nprocedures or our internal controls will prevent all error or fraud. A control system, no matter how well conceived and operated, can\nprovide only reasonable, not absolute, assurance that the objectives of the control system are met. Further, the design of a control\nsystem must reflect the fact that there are resource constraints and the benefits of controls must be considered relative to their costs.\nDue to the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues\nand instances of fraud, if any, have been detected. To address the material weaknesses identified in our evaluation, we performed additional\nanalysis and other post-closing procedures in an effort to ensure our consolidated financial statements included in this annual report\nhave been prepared in accordance with generally accepted accounting principles. Accordingly, management believes that the financial statements\nincluded in this report fairly present in all material respects our financial condition, results of operations and cash flows for the\nperiods presented.\n\n \n\n**Management’s\nReport on Internal Control over Financial Reporting**\n\n \n\nOur\nmanagement is responsible for establishing and maintaining adequate internal control over financial reporting. Internal control over\nfinancial reporting is defined in Rule 13a-15(f) or 15d-15(f) promulgated under the Securities Exchange Act of 1934 as a process designed\nby, or under the supervision of, the Company’s principal executive and principal financial officers and effected by the Company’s\nboard of directors, management and other personnel, to provide reasonable assurance regarding the reliability of financial reporting\nand the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the\nUnited States of America and includes those policies and procedures that:\n\n \n\n \n●\nPertain\nto the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of the assets\nof the Company;\n\n \n\n \n●\nProvide\nreasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with\naccounting principles generally accepted in the United States of America and that receipts and expenditures of the company are being\nmade only in accordance with authorizations of management and directors of the company; and\n\n \n \n \n\n \n●\nProvide\nreasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s\nassets that could have a material effect on the financial statements.\n\n \n\n-32-\n\n[Table of Contents](#toc_001)\n\n \n\nBecause\nof its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Projections of any evaluation\nof effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that\nthe degree of compliance with the policies or procedures may deteriorate. All internal control systems, no matter how well designed,\nhave inherent limitations. Therefore, even those systems determined to be effective can provide only reasonable assurance with respect\nto financial statement preparation and presentation. Because of the inherent limitations of internal control, there is a risk that material\nmisstatements may not be prevented or detected on a timely basis by internal control over financial reporting. However, these inherent\nlimitations are known features of the financial reporting process. Therefore, it is possible to design into the process safeguards to\nreduce, though not eliminate, this risk.\n\n \n\nAs\nof February 28, 2026, management assessed the effectiveness of our internal control over financial reporting based on the criteria for\neffective internal control over financial reporting established in Internal Control-Integrated Framework (2013 framework) issued by the\nCommittee of Sponsoring Organizations of the Treadway Commission and SEC guidance on conducting such assessments. Based on that evaluation,\nthey concluded that, during the period covered by this report, such internal controls and procedures were not effective to detect the\ninappropriate application of U.S. GAAP rules as more fully described below. This was due to deficiencies that existed in the design or\noperation of our internal controls over financial reporting that adversely affected our internal controls and that may be considered\nto be material weaknesses.\n\n \n\nThe\nmatters involving internal controls and procedures that our management considered to be material weaknesses under the criteria established\nin Internal Control – Integrated Framework (2013) by the Committee of Sponsoring Organizations of the Treadway Commission (COSO)\nwere: lack of a functioning audit committee; lack of a majority of independent members and a lack of a majority of outside directors\non our board of directors; inadequate segregation of duties consistent with control objectives; management is dominated by a single individual;\nuse of the inappropriate methodology of allocating proceeds in certain debt transactions and the expensing timing of the related debt\ndiscount; use of inappropriate fair values in certain preferred stock issuances and settlements. The aforementioned material weaknesses\nwere identified by our Chief Executive Officer in connection with the review of our financial statements as of February 28, 2026.\n\n \n\nManagement\nbelieves that the material weaknesses set forth above did not have an effect on our financial results. However, management believes that\nthe lack of a functioning audit committee and the lack of a majority of outside directors on our board of directors results in ineffective\noversight in the establishment and monitoring of required internal controls and procedures, which could result in a material misstatement\nin our financial statements in future periods.\n\n \n\nThis\nreport does not include an attestation report of our registered public accounting firm regarding internal control over financial reporting.\nManagement’s report was not subject to attestation by our registered public accounting firm pursuant to the rules of the Securities\nand Exchange Commission that permit us to provide only management’s report in this annual report.\n\n \n\n**Changes\nin Internal Control over Financial Reporting**\n\n \n\nNo\nchanges were made to our internal control over financial reporting during the year ended February 28, 2026 that have materially affected,\nor are reasonably likely to materially affect, our internal control over financial reporting."}