Auditing the Auditors’ work has been considered mandatory from the problems surrounding the profession in recent decades.
As such, auditors should be audited by another audit firm among qualified by the Federal Accounting Council, every four years, from the year 2002. Additionally, the Company audit can also being chosen through a random selection made by the Federal Accounting Council each year and may thus an Audit firm being audited twice in 4 years. This actually happened to us between 2008 and 2012, when we had the normal review and random selection. Thus, we were audit in 2002, 2006, 2010, 2011 and 2015.
Additionally, because we are an international audit, we audited every three years by the Auditors of NEXIA INTERNATIONAL. The recent revisions were made in 2009 and 2012, thus covering the years 2006 to 2012.
Even more, we are audited by international auditors of some of our clients, usually every three years. In the case, for example, in 2012 we were audited by our auditors American American client, the Inter-American Foundation, an NGO that donates U.S. Senate resources for the countries of Latin America and the Caribbean. Today, for example, we are auditing, in 2013, 34 NGOs received funds.
In all cases, we had full approval of our work performed during the period audited.