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euddoggwyn

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euddoggwyn

Re: None

Tuesday, 06/12/2007 12:52:51 PM

Tuesday, June 12, 2007 12:52:51 PM

Post# of 5803
sgdm audit

http://biz.yahoo.com/e/070205/sgdm.ob8-k_a.html

universcompany (belchenko) audited by SF Partnership:

In considering the appointment of SF Partnership, LLP (the "New Accountant"), the Registrant considered the New Accountant's experience and expertise with Russian companies and operations. Not only does the New Accountant conduct audits on two companies located in Russia, but there are three Russian speaking Chartered Accountants in their Toronto office. Upon closing the transaction with the UniverCompany, all of the Registrant's assets, revenues and operations will be located in Russia; accordingly, the Registrant selected a firm registered with the Public Company Accounting Oversight Board which could audit financial statements of a company with operations in Russia. Upon closing, all of accounting records will be located in Russia, where the New Accountant has the expertise to audit such records.

http://www.sfgroup.ca/ksi.htm

SF has "international affiliates" through the ksi consortium, who probably have done the actual audit work (I don't know)

ksi:

http://www.ksi.org/ksi

locate a consortium member at ksi and you get Northern capital auditors of st. petersburg

http://www.ksi.org/ksi/Member+locations/Northern+Capital+Auditors.htm

Northern capital auditors russian language website:

http://www.ncauditors.ru/

I have no idea if this is the firm doing the audit, if SF partners is going through the ksi consortium or not. But I am guessing they are.

It looks like SGDM is not trusting the previous RSM audit, and the sec docs all make clear that purchase was contingent on an audit.



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