The Sarbanes-Oxley Act (SOX Act) issued in the United States in 2002 is aimed at regaining the trust of investors in capital markets, strengthening corporate governance, attaining a better transparency of their commitments, reinforcing the independence of external auditors, and increasing penalties for undue actions of the persons involved.
Pemex, as a Foreign Issuer of Securities registered with the U.S. Securities and Exchange Commission (SEC) has the obligation to meet any applicable provisions under the SOX Act, as does any of its organizations and subsidiaries consolidating financial information..
To keep its registration as a Foreign Issuer of Securities before the SEC, Pemex has the obligation of deliver annually Form 20-F, which contains financial operating and internal control information, including a) a statement of the establishment and maintenance of internal controls and procedures for the preparation of financial reports; b) an evaluation of the effectiveness of internal controls and procedures, and c) a confirmation by an external auditor certifying such evaluation.​

14/08/2013 7:00 Equipo portal
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