Tue, Apr 28, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Dundee Leeds completes SSAE-16 audit of controls and operations

Tuesday, February 28, 2012

Precy Dumlao, Opalesque Asia: Alternative investments solutions provider Dundee Leeds has announced the completion of its annual review of the firm’s control system under the new SSAE-16 examination, completed by global audit firm PricewaterhouseCoopers.

In a statement, the company said that the independent audit revealed no exceptions, evaluated the design of Dundee’s operations and control environment, and that these controls had been operating effectively for the year ended September 30th 2011.

Andrew Yonda, President said, "We continue to provide our clients with a superior relationship based service, but the successful completion of the SSAE16 audit also shows our commitment to providing this to our clients with industry recognized best practice procedures and standards."

Dundee Vice President Phil Gee added, "The decision-making process when identifying service providers has never been more important. Investors require a level of assurance from service providers and a SSAE-16 ensures that the controls and processes they expect are being maintained and delivered".

SSAE-16, which replaces the former SAS-70 Type 2 standard, is an internationally recognized reporting standard developed by the American Institute of Certified Public Accountants (AICPA) that reports on a service organization's controls over the services it provides.

The report includes testing on a broad range of internal contro......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering details[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

  4. Update: Wall Street has strong feelings about Jon Corzine trying to make a comeback[more]

    From Businessinsider.com.au: Former New Jersey Governor Jon Corzine is thinking about starting his own hedge fund, according to the Wall Street Journal, and because of the way his last firm imploded, Wall Street has strong feelings about that. “Truth is the larger seeders would never give him money

  5. Opalesque Exclusive: Cybersecurity and hedge funds - A manager’s experience, Part Four[more]

    Benedicte Gravrand, Opalesque Geneva: Ruane, Cunniff and Goldfarb, Inc. used to have their own IT infrastructure. Todd Ruoff, Executive Vice President in charge of trading, operations and technology, was responsible for its maintenance. Then he started looking at outsourced providers a couple of

 

banner