Sierra Resource Group Inc. (fka SIRG)

[lmcat]

SIRG changed accounting firms. They filed an NT on Aug 15th as required. Their 10Q was filed on time on Aug 21st.

Marcum LLC is their new accounting firm, one of the top 15 accounting firms in the U.S.

So it is insinuated that SIRG is dumb?

SIRG is a new company but OTCQB. When they changed accounting firms they needed to send a notice to FINRA requesting an SAS Review.

This is where FINRA looks at the accounting firm and says something like this
"Oh, Marcum, wow, a top tier accounting firm, congratulations and here is your approval to become their client."

It's possible that SIRG is Marcum's only OTC client and they didn't know an SAS Review was required or they failed to notify Rod.

When I called FINRA yesterday, the first two people I spoke with had no clue what an SAS Review even is. The third person put me on hold and came back with the explanation.

So it is wrong to say SIRG hired a firm that is not approved to do SEC audits and dumb to post that.

http://www.marcumllp.com/firmprofile/index


Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation.

Ranked among the top 15 firms in the nation, Marcum offers the resources of more than 1,100 professionals, including more than 150 partners, in 23 offices throughout New York, New Jersey, Massachusetts, Connecticut, Pennsylvania, California, Florida, Grand Cayman, China, Hong Kong and Shanghai. The Firm's presence runs deep with full service offices strategically located in major business markets.

Established in 1951, Marcum is a leader with an outstanding reputation at the national and regional levels. Marcum is ranked as one of the largest firms in the New York metropolitan area (Crain's New York Business), the greater Philadelphia region (Philadelphia Business Journal), the New England region (Boston Business Journal) and the Southeast (South Florida Business Journal).

Marcum has 23 offices with 1,100 employees. I guarantee that they are definitely approved to do SEC audits.

NEXT - Marcum did not do an SEC audit - they would have done an audit on SIRG prior to accepting them as a client.
Marcum filed the 10Q on time!