As later acknowledged in Yahoo!'s Form 10-K for fiscal year 2016, the company's "relevant legal team had sufficient information to warrant substantial further inquiry in 2014, and they did not sufficiently pursue it." According to the SEC's order, Yahoo! senior management and relevant legal staff did not properly assess the scope, business impact or legal implications of the breach, including how and where the breach should have been disclosed in Yahoo!'s public filings or whether the fact of the breach rendered, or would render, any statements made by Yahoo! in its public filings misleading. In addition, the order notes that Yahoo!'s senior management and legal teams did not share information regarding the breach with Yahoo!'s auditors or outside counsel in order to assess the company's disclosure obligations in its public filings.