Ropes & Gray Attorneys Discuss Developments in Internal Controls Certification and Disclosure Requirements in Bloomberg BNA

In a Sept. 26 article published by Bloomberg BNA “Corporate Law and Accountability Report,” Ropes & Gray attorneys explain how the SEC, in a departure from past practice, pursued theories of fraud against two corporate executives of a small Florida-based computer equipment company. The article discusses how the enforcement action exemplifies the type of emerging theory the SEC staff is apt to pursue, insofar as the SEC hinged its fraud claims on alleged unreported deficiencies in the company’s internal controls over its accounting function. The authors include business & securities litigation partner Daniel O’Connor and securities & public companies partner Marko Zatylny (both of Boston).

The article is available here.