Comment on this Article

Material Weakness: A Pain in the Bonus When a company's material-weakness disclosures rise, the CFO's bonus falls, according to a new study.

Alan Rappeport, CFO.com | US
October 30, 2007

Nice

Was very interesting to read.

google

Posted by Sommo Pokkonin | Mar 9, 2009 8:53 AM ET

Lose lose situation

An unremediated, significant control deficiency/ies could eventually be rated as a material weakness leading to a possible material misstatement in the company's financial statements.
Everyone loses because of a weak control environment: the shareholder, the CEO/CFO (who are primarily responsible for designing and maintaining controls) and,ofcourse, the enterprise.

Posted by Chandrasekar Venkataraman | Oct 31, 2007 6:15 PM ET