Our SOX experience. Internal controls testing
Our firm is registered with thePublic Company Accounting Oversight Board (PCAOB), a U.S. non-profit organisation that oversees the work of audit firms. It entitles us to audit the financial statements of companies whose securities are sold on the American stock market.
Under an annual audit of a Russian subsidiary of an American public company, our specialists, as part of an international work group, together with their colleagues from UHY LLP(http://www.uhy-us.com),conducted annual audit procedures in respect of testing the compliance of the audited entity’s internal controls with SOX404. Our SOX experts were trained by an American SOX professional who represented the parent company’s auditor. We started SOX testing procedures in 2008, and since then we have conducted them on an annual basis. Our SOX experts carry out all necessary testing procedures, fill in all reporting forms and deliver results of their work to Houston.