As if investors and public companies didn't have enough to worry about, a recent "trend alert" from Glass Lewis & Co., an investment research and proxy advisory firm in San Francisco, reported that control deficiencies reported by large companies are at an all-time high, with an increase of 87 percent between 2003 and late 2004 and early 2005.

The report referred mostly to "accelerated filers" - those who have issued an annual report under Sections 302 and 404 of the Sarbanes-Oxley Act, and most of whom have market capitalizations over $75 million. This was the first time these companies have had to report under SOX. A few smaller companies have voluntarily complied as well, and were therefore represented in the report.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access