This study examines the relation between value of cash and internal control weakness. Using material internal control weakness reports under Sarbanes-Oxley 404, I find that firms occurring material weakness in internal control are generally associated with lower value of cash holding. I further find that the relation is stronger for the internal control problems associated with entity-level than ones associated with account-level. Moreover, the value of cash will be increase after firms has a qualified remediation on the internal control deficiency. I find similar results employing an alternative measure of value of cash, and the results are robust to controlling for potential endogeneity concerns.