We offer many benefits to our clients because we do not provide chartered accountants services and therefore are not bound by any SOX regulations* in the United States of America, Europe and Asia and FROR requirements**.
The benefits can be summarized as follows.
*SOX Rules (the Sarbanes-Oxley Act of 2002) mandates that audit committees be directly responsible for the oversight of the engagement of the company’s independent auditor, and the Securities and Exchange Commission rules are designed to ensure that auditors are independent of their audit clients. The purpose of this brochure is to highlight certain Commission rules and other authoritative pronouncements relevant to audit committee oversight responsibilities regarding the auditor’s independence.
**Financial Reporting Oversight Role means a role in which a person is in a position to or does exercise influence over the contents of the financial statements or related information (such as management’s discussion and analysis) or has direct responsibility for oversight over anyone who prepares them, such as when the person is a member of the board of directors or similar management or governing body, chief executive officer, president, chief financial officer, chief operating officer, general counsel, chief accounting officer, controller, director of internal audit, director of financial reporting, treasurer, or any equivalent position.