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SEC Filings

DEF 14A
SEVEN STARS CLOUD GROUP, INC. filed this Form DEF 14A on 11/20/2017
Entire Document
 

 

Fees Paid to Our Independent Registered Public Accounting Firm

 

The following is a summary of the fees billed to the Company by its principal accountants KPMG for professional services rendered for the years ended December 31, 2016 and 2015:

 

   Year Ended December 31, 
   2016   2015 
Audit Fees(1)  $621,732   $366,976 
Audit-Related Fees        
Tax Fees   8,685     
Other Fees (2)   1,780    1,650 
Total Fees  $632,197   $368,626 

 

(1)Comprised of the aggregate fees billed for professional services rendered for the audit of our annual financial statements and the reviews of the financial statements included in our Forms 10-Q and for any other services that were normally provided in connection with our statutory and regulatory filings or engagements.

 

(2)Comprised of the aggregate fees billed for products and services and not otherwise included in Audit Fees, Audit Related Fees or Tax Fees.

 

Pre-Approval Policies and Procedures

 

Under the Sarbanes-Oxley Act of 2002, all audit and non-audit services performed by our auditors must be approved in advance by our Board of Directors to assure that such services do not impair the auditors’ independence from us. In accordance with its policies and procedures, our Board of Directors pre-approved the audit service performed by KPMG for our consolidated financial statements as of and for the year ended December 31, 2016.

 

Vote Required

 

Approval of the ratification of Grant Thornton as our independent registered public accounting firm for the fiscal year ending December 31, 2017 requires a majority of the votes of the shares present in person or represented by proxy at the Annual Meeting to vote “FOR” the proposal.

 

Recommendation of Our Board

 

Our Board recommends that the shareholders vote FOR the ratification of the appointment of Grant Thornton as our independent registered public accounting firm for the fiscal year ending December 31, 2017.

 

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