Control Deficiencies

Following is a list of control deficiencies reported pursuant to Section 404 of Sarbanes-Oxley that concern environmental matters.*  Click on the file date to view the SEC filing.

 

Company Filing Description Date Auditor Stock Price
Energy Co. of Parana 20-F Material weakness relating to environmental litigation 06/30/08 Deloitte CPLE6
Movie Gallery, Inc. 10-K Material weakness relating to asset retirement obligations under leases. 03/16/07 E&Y MOVI
Hancock Fabrics 10-K Material weakness relating to asset retirement obligations. 01/05/07 PWC HKF
WHX Corp. 10-K Material weaknesses relating to environmental remediation liability reserves and the valuation of long-lived assets for impairment purposes. 12/27/06 PWC WXCP
PDC 2005-B Limited Partnership 10-K Material weakness relating to asset retirement obligations. 09/08/06 KPMG  
Petroleum Development Corp. 10-K Material weakness relating to valuation of asset retirement obligations. 05/31/06 KPMG PETD
USA Mobility 10-K Material weakness resulting in an understatement of asset retirement obligations. 05/15/06 PWC USMO
Ultra Petroleum 10-K Material weakness resulting in an understatement of asset retirement obligations. 03/31/06 KPMG UPL
Westmoreland Coal 10-K Material weakness in controls over accounting for asset retirement obligations 03/31/06 KPMG WLB
US Neurosurgical 10-K Material weakness in controls over accounting for asset retirement obligations 03/30/06 Goodman USNU
Millennium Chemicals Inc. 10-K Material weakness in controls over accounting for contingencies 03/16/05 PWC LYO
Clean Harbors, Inc. 10-K Material weaknesses in internal controls relating to the documentation and the retention of documentation for environmental liabilities 03/15/04   CLHB
 

 

 

 

   

* This list may not include all reported control deficiencies related to environmental matters.  If you aware of relevant reports not listed above, please let us know.

Internal Control

A "material weakness" is a reportable condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that misstatements caused by errors or fraud in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions.  Final Rule: Management's Reports on Internal Control Over Financial Reporting and Certification of Disclosure in Exchange Act Periodic Reports.

 

 

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