The study analyzed annual filings released by SEC-registered public companies between July 2017 and June 2022. Data was reviewed from the third-party research database Audit Analytics, and all MWs reported were aggregated and then summarized based on the underlying themes and affected business processes related to the MW.
For purposes of this report, the 2022 year considers MWs reported in any public company filing that was released between July 2021 and June 2022. The MWs reported in this year’s study came from companies with year-ends through April 30, 2022. KPMG notes that the data set underlying this study does not include IPO companies that were first time filers during the time period of the report.