Determinants of Internal Control Weaknesses

A Model for Investigating Internal Control Weaknesses

Corruption and Internal Control Weaknesses. Case Study Romania

Corruption represents one of the major causes of poverty all over the world and European Union is fighting against it. In the last few years, the corruption phenomenon registered a high level in some European countries and became one of the most problematic factors for doing business, due to the evolution of the perceived top five global risks: interstate conflict and regional consequences, ext...

The Investigation of Gender Diversity’s Impact on The Directors Board's on the likelihood of Internal Control Weaknesses

    Internal control is a director’s board duty in which its proper and effective type ensures a relative assurance of the implementation of the company's policies as well as an effective audit field. Therefore, as much as possible, it should create and implement appropriate internal control, which also examination of the impact of the board's gender diversity on this trend and shows difference...

Does SOX 404 Have Teeth? Consequences of the Failure to Report Existing Internal Control Weaknesses

We identify a sample of firms with restatements attributable to underlying control weaknesses, some which had previously reported these weaknesses as required by SOX 404 and some of which acknowledged them only after announcing the related restatement. We then examine whether various penalties that could serve as enforcement mechanisms for SOX 404 differ across these two groups. We find no evid...

The Consequences of Information Technology Control Weaknesses on Management Information Systems: The Case of Sarbanes-Oxley Internal Control Reports

In this article, the association between the strength of information technology controls over management information systems and the subsequent forecasting ability of the information produced by those systems is investigated. The Sarbanes–Oxley Act of 2002 highlights the importance of information system controls by requiring management and auditors to report on the effectiveness of internal con...