volume 35, issue 4, P499-520 2020
DOI: 10.1108/maj-05-2019-2302
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Kathleen Bakarich, Devon Baranek

Abstract: Purpose This study aims to identify characteristics of firms reporting multiple years of material weaknesses in internal control over financial reporting (MWICFR), labeled “Repeat Offenders”, and examine their characteristics and the types of material weaknesses they report using both broad and COSO-based classification schemes. The analysis compares these firms with firms reporting only one year of MWICFR and examines the differences between Repeat Offenders reporting consecutive and non-consecutive weakness…

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