Good Strategy, Poor Control: Internal Control Failures, Financial Reporting Breakdown, and Corporate Collapse in the United State

Bridget Elo Osigho ()

International Journal of Innovative Science and Research Technology (IJISRT), 2026, vol. 11, issue 04, 1880-1884

Abstract: A sound business strategy can attract capital, inspire growth, and position organizations for market leadership. However, strategy alone does not guarantee sustainability. When internal controls are weak, financial reporting is unreliable, and audit functions are ineffective, even well-positioned enterprises can fail. This study examines patterns of corporate failure in the United States where strategic ambition outpaced control discipline. Using historical case analysis and U.S. bankruptcy data, the paper demonstrates that internal audit, financial risk management, and accounting systems are critical drivers of organizational resilience, investor confidence, and economic stability. The findings highlight the importance of integrating strategy with control capacity to prevent corporate collapse.

Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:cvr:ijisrt:2026:04:ijisrt26apr762

DOI: 10.38124/ijisrt/26apr762

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