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"Nearly 600 Reports of Internal Control Weaknesses" - CFO.com
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Posted by: Jack Ciesielski 1/20/2005 2:05 PM
CFO.com cites an interesting figure, from the folks at Compliance Week, who track such things: there have been 582 reports of internal control weaknesses or deficiencies in 2004 - compared to 14 in 2003. One hundred ninety-nine of the disclosures were made in just one month - November - with another 56 in December.

There's plenty of rank speculation in the investment community about just what will happen to the stock prices of firms who get something less than a clean opinion on their internal control systems as a result of this year's "Section 404" audits. It sounds like there are at least 582 candidates who might find out for sure if they don't get their house in order.
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