... material weaknesses in their ICFR . The findings remain robust across various analyses, including change analyses, alternative measures of ineffective ICFR and operational efficiency, additional control variables and the exclusion of banks during financial crises, COVID-19 and those not under Federal...

...Kathleen Bakarich; Devon Baranek 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...