The number of public companies that disclosed material weaknesses or significant deficiencies in internal controls during the month of November soared to 119, nearly double the 63 reported in October, according to a report by corporate governance and compliance newsletter Compliance Week.
That number, which is more than 10 times the number reported during the same month in 2003, when 11 companies disclosed weaknesses, brings the total number of weakness and deficiency disclosures year-to-date to 526, CW reported.
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