For 5 years, the software company Workiva has partnered with a LinkedIn group, SOX and Internal Controls Professionals Group to survey companies about their SOX compliance program.
When potential material weaknesses are discovered during SOX or internal audit testing, my suggestion is to review the issue with the legal function. They can advise the CEO and CFO whether this should be disclosed as part of the Section 302 certification. This new front is clearly starting to open. Don’t let it pull you under.