Internal Control Material Weaknesses

The Lloyd Fujie / Deloitte Foundation Distinguished Professor of Accounting Jian Zhou has co-authored an article entitled “Individualism and Internal Control Material Weaknesses around the World in the Journal of Accounting, Auditing and Finance.  The cross-country analysis indicates that individualism and power distance are positively related to, and uncertainty avoidance is negatively related to the existence of Internal Control Material Weaknesses.