SEC filings with internal control attestations were due yesterday and, as expected, we are starting to hear stories of companies who are not compliant. First up, Eastman Kodak, which will restate 2003 and 2004 results, has applied for a 15 day extension, and will receive an adverse opinion on its internal controls from its auditor (links are to the subscription-only Wall Street Journal—sorry). In the hour or so since the market opened, Eastman Kodak stock is down less than one percent, so it looks like the market isn’t overreacting. EDS, Cray, Jefferies Group, New Horizons Worldwide, and Veritas Software all requested 15 day extensions to give auditors more time to evaluate their internal controls. Presumably they will receive adverse opinions as well. Oh, and MCI—the new name for the post-scandal WorldCom—said that it found material weaknesses in its internal controls. They’ve had plenty of time to fix it, but coming so soon after the Ebbers conviction it’s hard to be too surprised by this news. Related content brandpost Who’s paying your data integration tax? Reducing your data integration tax will get you one step closer to value—let’s start today. By Sandrine Ghosh Jun 05, 2023 4 mins Data Management feature 13 essential skills for accelerating digital transformation IT leaders too often find themselves behind on business-critical transformation efforts due to gaps in the technical, leadership, and business skills necessary to execute and drive change. By Stephanie Overby Jun 05, 2023 12 mins Digital Transformation IT Skills tip 3 things CIOs must do now to accurately hit net-zero targets More than a third of the world’s largest companies are making their net-zero targets public, yet nearly all will fail to hit them if they don’t double the pace of emissions reduction by 2030. This puts leading executives, CIOs in particul By Diana Bersohn and Mauricio Bermudez-Neubauer Jun 05, 2023 5 mins CIO Accenture Emerging Technology case study Merck Life Sciences banks on RPA to streamline regulatory compliance Automated bots assisted in compliance, thereby enabling the company to increase revenue and save precious human hours, freeing up staff for higher-level tasks. By Yashvendra Singh Jun 05, 2023 5 mins Digital Transformation Robotic Process Automation Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe