Statistics on # of material weaknesses by company 840
SOX-Migration last edited by
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.
IrquiM last edited by
Did you check the SEC web?
I think compliance week might have something as well…
lekatis last edited by
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.