Last year, Audit Analytics discussed the rise in information technology-related disclosures in both effective and ineffective disclosure controls among the Russell 3000. This article continues this analysis by using Audit Analytics’ proprietary issues taxonomy to take a closer look at all 26 issues that were flagged in ineffective disclosure controls over the last twelve years, as well as 28 accounting-related issues.
Audit Analytics uses two categories when analyzing disclosure controls: general control issues and accounting issues. For this article, they looked at various taxonomies in each category to better understand their sample of ineffective disclosure controls.