SS Innovations International, Inc.
For the period ended Dec 31, 2024. Filed Apr 15, 2025.
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FY2024 · Filed Apr 15, 2025
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Item 14. Principal Accounting Fees and Services
Fees billed by our independent registered public accounting firms, BDO India LLP (“BDO”) and BF Borgers CPA PC. for services provided for fiscal year 2024 and BF Borgers CPA PC. for fiscal year 2023 were as follows:
| Year Ended December 31, 2024 | Year Ended December 31, 2023 | |
|---|---|---|
| Audit Fees(1) | 686,326 | 112,500 |
| Audit-Related Fees | - | - |
| Tax Fees | - | - |
| All Other Fees | - | - |
| Total | 686,326 | 112,500 |
| (1) | Audit fees relate to professional services rendered in connection with the audit of the Company’s annual financial statements including expanded audit services related to the Company’s restatement, quarterly review of financial statements included in the Company’s Quarterly Report on Form 10-Q/A, and audit services provided in connection with other statutory and regulatory filings or engagements. Audit fees include $82,500 relating to filing of “Registration Statement” in Form-S1 of our former auditor BF Borgers CPA PC. (“Borgers”). |
Audit Fees
This category includes the audit of our annual financial statements, review of financial statements included in our Quarterly Reports on Form 10-Q and services that are normally provided by the independent registered public accounting firm in connection with engagements for those fiscal years. This category also includes advice on audit and accounting matters that arose during, or as a result of, the audit or the review of interim financial statements.
Audit-Related Fees
This category consists of assurance and related services by the independent registered public accounting firm that are reasonably related to the performance of the audit or review of our financial statements and are not reported above under “Audit Fees.” The services for the fees disclosed under this category include consultation regarding our correspondence with the SEC and other accounting consulting.
Tax Fees
This category consists of professional services rendered by our independent registered public accounting firm for tax compliance and tax advice. The services for the fees disclosed under this category include tax return preparation and technical tax advice.
All Other Fees
This category consists of fees for other miscellaneous items.
Our Board of Directors has adopted a procedure for pre-approval of all fees charged by our independent registered public accounting firm. Under the procedure, the Board approves the engagement letter with respect to audit, tax and review services. Other fees are subject to pre-approval by the Board, or, in the period between meetings, by a designated member of the Board. Any such approval by the designated member is disclosed to the entire Board at the next meeting. Any services and fees of BDO are also approved pursuant to the pre-approval policy of the Company.
Pre-Approval Policy
We have recently constituted our audit committee. Provision of the above-mentioned services was approved by our board of directors in the absence of an audit committee at that point in time.
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