The COVID-19 pandemic heightens the risk for controls to operate ineffectively; established controls may not be equipped to handle remote work and there are potential consequences associated with operating and testing controls amidst reduced personnel. While companies can modify their internal controls to cope with the impact of the pandemic, there is evidence that suggests some companies with an internal control weakness have faced challenges during the pandemic with efforts to remediate the weakness.

As 2020 ends and many public companies are preparing annual financial statements, Audit Analytics examines the companies with internal control weaknesses that have faced challenges.