Statistics on # of material weaknesses by company 840



  • We’re in the process of trying to measure ourselves against other companies by comparing the total number of material weakness we highlighted with other companies in our industry. (high-tech/tele-com).
    Any help on how to get access to this data would certainly be appreciated.



  • Did you check the SEC web?
    I think compliance week might have something as well…
    complianceweek.com



  • From Compliance Week (complianceweek.com/, highly recommended subscription):
    The most common type of weaknesses: About 50 percent of the disclosures are related to financial systems and procedures.
    The second most common type of weaknesses: About 30 percent of the disclosures are related to personnel issues, like poor segregation of duties, inadequate staffing, training and supervision problems
    Other common types of weaknesses: Documentation issues, and IT systems and controls (especially security and access controls)
    Very few companies have disclosed backup and recovery issues.


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