Publication

Corporate Communicator – A Reminder of the Importance of Internal Controls Under SOX

Sep 19, 2014

Letter from the Editor

Dear clients and friends,

In this issue of the Corporate Communicator we bring you a short article about a recent SEC enforcement action against two public company executives and their failure to maintain and evaluate internal controls.

Very truly yours,
Snell & Wilmer
Corporate and Securities Group

A Reminder of the Importance of Internal Controls Under SOX

by Ahron D. Cohen

On July 30, 2014, the SEC announced charges against the CEO and the former CFO of a computer equipment company based in Florida for misrepresenting the state of the Company’s internal controls over financial reporting and failure to disclose to its auditors deficiencies in its internal controls. The SEC’s action is a strong reminder to public companies of the importance of maintaining adequate internal controls as required by the Sarbanes-Oxley Act of 2002 (SOX).

[Read the full newsletter.]

About Snell & Wilmer

Founded in 1938, Snell & Wilmer is a full-service business law firm with more than 500 attorneys practicing in 16 locations throughout the United States and in Mexico, including Los Angeles, Orange County and San Diego, California; Phoenix and Tucson, Arizona; Denver, Colorado; Washington, D.C.; Boise, Idaho; Las Vegas and Reno, Nevada; Albuquerque, New Mexico; Portland, Oregon; Dallas, Texas; Salt Lake City, Utah; Seattle, Washington; and Los Cabos, Mexico. The firm represents clients ranging from large, publicly traded corporations to small businesses, individuals and entrepreneurs. For more information, visit swlaw.com.

©2025 Snell & Wilmer L.L.P. All rights reserved. The purpose of this publication is to provide readers with information on current topics of general interest and nothing herein shall be construed to create, offer, or memorialize the existence of an attorney-client relationship. The content should not be considered legal advice or opinion, because it may not apply to the specific facts of a particular matter. As guidance in areas is constantly changing and evolving, you should consider checking for updated guidance, or consult with legal counsel, before making any decisions.
Media Contact

Olivia Nguyen-Quang

Associate Director of Communications
media@swlaw.com 714.427.7490